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A project costs $37,241 to initiate. It is expected to provide cash flows of $21,200 in...

A project costs $37,241 to initiate. It is expected to provide cash flows of $21,200 in Year 1 and $47,600 in Year 2. In Year 3, it will cost the firm $4,100 to end the project. What is the modified IRR at a discount rate of 14.5 percent?

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