Problem 1022 morningside bakeries recently purchased, Financial Management

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Problem 1022 morningside bakeries recently purchased

Problem 10.22 Morningside Bakeries recently purchased equipment at a cost of $538,500. Management expects the equipment to generate cash flows of $310,250 in each of the next four years. The cost of capital is 13 percent. What is the MIRR for this project? (Round answer to 1 decimal places, e.g. 15.2%.) MIRR %

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