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1 1 . 1 5 b ( Calculating MIRR ) OTR Trucking runs a fleet of long - haul trucks and has recently expanded into
b Calculating MIRR OTR Trucking runs a fleet of longhaul trucks and has recently expanded into the Midwest, where it has decided to build a maintenance facility. This project will require an initial cash outlay of $ million and will generate annual cash inflows of $ million per year for Years through In Year the project will provide a net negative cash flow of $ due to anticipated expansion of and repairs to the facility. During Years through the project will provide cash inflows of $ million per year.
b Calculate the projects MIRR. Is the project a worthwhile investment based on this measure? Why or why not?
NOT EXCEL IN FOMULA
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