Question
Aviation Inc. is considering a new inventory system that will cost $375,000. The system is expected to generate $315,000 in year one, -$25,000 (negative) in
Aviation Inc. is considering a new inventory system that will cost $375,000. The system is expected to generate $315,000 in year one, -$25,000 (negative) in year two, $110,000 in year three, and $150,000 in year four. Aviation's required rate of return is 10%. What is the MIRR (Modified Internal Rate of Return) of this project?
13.51%
16.37%
10.00%
14.93%
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Mathematics Of Finance
Authors: Petr Zima, Robert L. Brown
5th Edition
0070871353, 978-0070871359
