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Management of Ivanhoe Home Furnishings is considering acquiring a new machine that can create customized window...

Management of Ivanhoe Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $257,550 and will generate cash flows of $66,750 over each of the next six years. If the cost of capital is 10 percent, what is the MIRR on this project? (Round intermediate calculations to 3 decimals and final answers to 1 decimal places, e.g. 15.5%. Do not round factor values.)

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