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Brief Exercise 12-24 (Algo) Given the following attributes of an investment... [LO 12-4] Given the following attributes of an investment project with a 5-year life

Brief Exercise 12-24 (Algo) Given the following attributes of an investment... [LO 12-4] Given the following attributes of an investment project with a 5-year life and an after-tax discount rate of 11%, calculate both the IRR and MIRR of the project: investment outlay, time 0, $2,500; after-tax cash inflows, year 1, $1,250; year 2, $1,250; year 3, $1,000; year 4, $1,250; and year 5, $750. Use the appropriate built-in functions in Excel (IRR and MIRR) to estimate both the IRR and the MIRR of the proposed investment. (Round "IRR" and "MIRR" to 2 decimal places. (i.e. 0.1234 = 12.34%).)

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