Question
A project has an initial cost of $75,000, expected net cash inflows of $9,000 per year for 10 years, and a cost of capital of
A project has an initial cost of $75,000, expected net cash inflows of $9,000 per year for 10 years, and a cost of capital of 12%. 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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Capital Budgeting
Authors: Pamela P. Peterson
1st Edition
0471218332, 9780471218333
