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Clyde has the opportunity to purchase a large building for $563,159. He will need to spend additional $106,109 to renovate and convert to an upscale
Clyde has the opportunity to purchase a large building for $563,159. He will need to spend additional $106,109 to renovate and convert to an upscale dinning establishment. He estimates the following after tax cashflows. Year 6 cashflow includes the terminal value of the venture. What is the MIRR of the venture if Clyde's cost of capital is 9% (round to 2 decimal places).
year 1 - 81,057
year 2 - 102,390
year 3 - 114,456
year 4 - 139,813
year 5 - 148,235
year 6 - 996,665
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