Question
Bernsteins proposed project has an initial cost of $128,600 and cash flows of $64,500, $98,300, and -$15,500 for years 1 to 3 respectively. If the
Bernsteins proposed project has an initial cost of $128,600 and cash flows of $64,500, $98,300, and -$15,500 for years 1 to 3 respectively. If the firms reinvestment rate is 8% and their WACC IS 12%, what is the modified internal rate of return?
A) 15.26% B) 12.00% C) 10.00% D) 9.11%
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
1st Edition
0130176141, 9780130176141
