Based on the cash flows shown in the chart below, compute the IRR and MIRR for Project
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Question:
- Based on the cash flows shown in the chart below, compute the IRR and MIRR for Project Erie. Suppose that the appropriate cost of capital is 12 percent. Advise the organization about whether it should accept or reject the project.
Time- 0 1 2 3 4 5
Cashflow- 12000 2360 4390 1520 980 1250
I'm using a texas instrument ti 84 using the financial app for IRR and can't figure out MIRR. Also am not sure wether to accept or reject the project. I got a negative number for IRR and that doesn't see right.
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