Question
A project has an initial cost of $55,000, expected net cash inflows of $13,000 per year for 12 years, and a cost of capital of
A project has an initial cost of $55,000, expected net cash inflows of $13,000 per year for 12 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.
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Financing The Sport Enterprise
Authors: Thomas H. Sawyer, Michael Hypes, Julia Ann Hypes, Tonya L. Sawyer
2nd Edition
041579000X, 9781571677853
