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    Explanation:

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    B. 14%
    C. 21%
    D. 17%
    Answer: C
    Explanation:
    Explanation/Reference:
    Explanation:
    The MIRR is defined as that rate which discounts the terminal value of the cash inflows to equate to the present value of a project's costs (using the project's cost of capital). This can be better understood using actual numbers. The present value of the costs = 650 + 700/1.075 + 900/1.075



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