Question
A company has the following cash flow (in millions of dollars): EOY (in millions of $) 0 -4.50 1 4.00 2 3.00 3 2.00 4
A company has the following cash flow (in millions of dollars):
| EOY | (in millions of $) |
| 0 | -4.50 |
| 1 | 4.00 |
| 2 | 3.00 |
| 3 | 2.00 |
| 4 | 1.00 |
| 5 | -1.00 |
| 6 | -2.00 |
| 7 | -3.00 |
If the firm borrows money at 8% and invests money at 15%, find the Modified Internal Rate of Return (MIRR).
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ISE Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
18th International Edition
1265074658, 9781265074654
