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Business, 30.11.2019 04:40 tiekert

Boomer biscuit inc. needs to automate its production line. the project costs $275,000 and is expected to provide after-tax cash flows of $73,306 for eight years. management estimates its cost of capital as 12 percent. what is the project’s mirr? (do not round intermediate computations. round final answer to the nearest whole percent.)
a. 14%
b. 16%
c. 18%
d. 12%

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