Question
A project costs $41,200 to initiate. It is expected to provide cash flows of $23,500 in Year 1 and $46,000 in Year 2. In Year
A project costs $41,200 to initiate. It is expected to provide cash flows of $23,500 in Year 1 and $46,000 in Year 2. In Year 3, it will cost the firm $5,000 to end the project. What is the modified IRR (MIRR) at a discount rate of 14 percent?
| 23.90% | ||
| 23.57% | ||
| 23.02% | ||
| 22.66% | ||
| 22.14% |
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Sports Finance And Management Real Estate Media And The New Business Of Sport
Authors: Jason A. Winfree, Mark S. Rosentraub, Brian M Mills, Mackenzie Zondlak
2nd Edition
1138341819, 9781138341814
