Calculate the NPV, IRR and the Modified IRR using all three
methods and the cash flows below. The
reinvestment rate/required rate is 11%. Do not use
excel. May use HP 10llb+ calculator but show steps.
YEAR 0 1 2 3 4 5
ORIGINAL CASH FLOWS -12,000 ; 2,400 ; 6,000 ; -5,000 ; -3,000 ;
24,000
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