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A project requires an initial investment of 40,000 and additional investment of 10,000 at the beginning of year 2. The project will end in year

A project requires an initial investment of 40,000 and additional investment of 10,000 at the beginning of year 2. The project will end in year 5. The expected cash flows from the project are as follows, Year 1 10,000, Year 2 25,000, Year 3 40,000, Year 4 18,000 and Year 5 10,000. find the MIRR if the cost of capital is 15% *

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