Question
A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 11 years, and a cost of capital of
A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 11 years, and a cost of capital of 9%. 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.
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
