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Blue Llama Mining Company is analyzing a project that requires an initial investment of $2,750,000. The project's expected cash flows are: Year Year 1 Year

Blue Llama Mining Company is analyzing a project that requires an initial investment of $2,750,000. The project's expected cash flows are: Year Year 1 Year 2 Year 3 Year 4 O20.98% -19.10% Blue Llama Mining Company's WACC is 7%, and the project has the same risk as the firm's average project. Calculate this project's modified internal rate of return (MIRR): 19.23% Cash Flow 16.61% $275,000 -175,000 450,000 425,000

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