● Y Ltd. is considering a project which requires an initial investment of `80,000 and a further investment of `20,000 at the end of first year. The project has an effective life of 5 years. The project is likely to generate cash flow of `50,000 at the end of second year and `40,000, `30,000 and `30,000 at the end of third, fourth and fifth year respectively.

The cost of Capital is 10%. Calculate the MIRR.