Question
A project has an initial cost of $55,000, expected net cash inflows of $8,000 per year for 11 years, and a cost of capital of
A project has an initial cost of $55,000, expected net cash inflows of $8,000 per year for 11 years, and a cost of capital of 13%. 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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Handbook Of The Economics Of Finance
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
044459406X, 978-0444594068
