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2. Bullock Gold Mining is evaluating a new gold mine in South Dakota. Estimated project cash flows are provided in the table shown below and

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2. Bullock Gold Mining is evaluating a new gold mine in South Dakota. Estimated project cash flows are provided in the table shown below and the required rate of return for this project is 8%. Compute the Modified Internal Rate of Return (MIRR). Year 0 1 2 3 4 5 6 7 8 9 Cash Flow ($-millions) (600) (100) 121 162 221 210 154 110 90 (50)

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