Question
A project has an initial outlay of $1,500. The project will generate cash flows of $500 in Years 1-6. What is the Modified Internal Rate
A project has an initial outlay of $1,500. The project will generate cash flows of $500 in Years 1-6. What is the Modified Internal Rate of Return (MIRR) of this project? Assume an interest rate of 10%.
Note: Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box. If your answer is negative, do enter the negative sign.
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
