Doak Corp. is evaluating a project with the following cash flows: Year ................Cash Flow 0 .......................$32,600 1

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Doak Corp. is evaluating a project with the following cash flows:
Year ................Cash Flow
0 .......................−$32,600
1 ...........................11,520
2 ...........................14,670
3 ...........................11,270
4 ...........................10,940
5 ..........................− 4,230

The company uses an interest rate of 10 percent on all of its projects. Calculate the MIRR of the project using all three methods.

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Essentials of Corporate Finance

ISBN: 978-1260013955

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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