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Green Submarine has a project with the following cash flows: Year Cash Flows 0: −$17,500 1:...

Green Submarine has a project with the following cash flows:

Year Cash Flows

0: −$17,500

1: 6,730

2: 11,600

3: 7,670

4: −2,700

The discounting rate is 7 percent and the reinvestment rate is 9 percent. What is the MIRR for this project using the combination approach?

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