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Management of Sycamore Home Furnishings is considering acquiring a new machine that can create customized window treatments.
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Answer #1

MIRR is calculated using MIRR function in Excel.

MIRR is 25.43%

fMIRR(B2:B8,12%,12%) В9 A E Cash Flow 1 Year 0($199,550) $95,750 2 $95,750 $95,750 5 $95,750 6 4 $95,750 7 5 $95,750 25.43% 6

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