Question
A firm with a 9.5 percent cost of capital is considering a project for this years capital budget. The projects expected after-tax cash flows are
A firm with a 9.5 percent cost of capital is considering a project for this years capital budget. The projects expected after-tax cash flows are as follows:
| Year: | 0 | 1 | 2 | 3 | 4 |
| Cash flow: | -$4,000 | $2,000 | $1,800 | $1,900 | $1,800 |
Calculate the projects modified internal rate of return (MIRR).
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
8th Edition
0618471421, 9780618471423
