Question
A project has the following cash flows: 0 1 2 3 4 5 -$500 $164 -$X $213 $350 $451 This project requires two outflows at
A project has the following cash flows:
| 0 | 1 | 2 | 3 | 4 | 5 |
| -$500 | $164 | -$X | $213 | $350 | $451 |
This project requires two outflows at Years 0 and 2, but the remaining cash flows are positive. Its WACC is 11%, and its MIRR is 16.16%. What is the Year 2 cash outflow? Enter your answer as a positive value. Do not round intermediate calculations. Round your answer to the nearest cent.
$
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin, Apostolos Serletis
4th Canadian Edition
0321584716, 978-0321584717
