Question
A project has an initial cost of $59,650, 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 $59,650, 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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Entrepreneurial Finance Venture Capital Deal Structure And Valuation
Authors: Janet Kiholm Smith, Richard L. Smith
2nd Edition
1503603210, 978-1503603219
