What is the projects modified internal rate of return, Financial Management

What is the projects modified internal rate of return

what is the internal rate of return for a project that costs $5,500 and is expected to generate $1800 per year for next 4 years? If the firm's required rate of return is 8 percent, what is the projects modified internal rate of return? Should the firm purchase the project?

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Financial Management: What is the projects modified internal rate of return

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