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2. Hindelang Inc. is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's
2. Hindelang Inc. is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected.
WACC: | 9.00% | ||||
Year | 0 | 1 | 2 | 3 | 4 |
Cash flows | -$850 | $400 | $420 | $440 | $460 |
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