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A company has a new automated production line project it is considering. Today's cost of the project is $270,000 and is expected to provide after-

A company has a new automated production line project it is considering. Today's cost of the project is $270,000 and is expected to provide after- tax annual cash flows of $73,356 for tex years (the first $73,356 is one year from today). the firm's management is uncomfortable with the IRR reinvestment assumption and prefers the modified IRR approach. you have calculated a WACC for the firm of 9%.
What is the project's MIRR?

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