Question
A project has an initial cost of $45,000, expected net cash inflows of $14,000 per year for 7 years, and a cost of capital of
A project has an initial cost of $45,000, expected net cash inflows of $14,000 per year for 7 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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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
