Question
A project has an initial cost of $38,550, expected net cash inflows of $10,000 per year for 8 years, and a cost of capital of
A project has an initial cost of $38,550, expected net cash inflows of $10,000 per year for 8 years, and a cost of capital of 10%. What is the project's MIRR? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places.
*Please show how to calculate MIRR with BA II Plus*
Step by Step Solution
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Step: 1
To calculate the Modified Internal Rate of Return MIRR for the project we need to f...
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
