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(10 points) You have the following cash flows: Year 0 1 2 Net Cash Flow, $ -6,000 -5,000 +12,000 3 -2,000 4 +6,000 For these
(10 points) You have the following cash flows: Year 0 1 2 Net Cash Flow, $ -6,000 -5,000 +12,000 3 -2,000 4 +6,000 For these cash flows, it has already been determined there may be more than one positive root. Calculate the EROR using the MIRR method with ii=16% and ib=8%. HINT: Draw the Cash Flow diagram. You must show the mathematical setup and detailed calculations you used to calculate your EROR to two decimal points by hand. An Excel solution is not sufficient
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