Question
Compute the MIRR statistic for Project I if the appropriate cost of capital is 13 percent. Note: Do not round intermediate calculations and round your
Compute the MIRR statistic for Project I if the appropriate cost of capital is 13 percent.
Note: Do not round intermediate calculations and round your final answer to 2 decimal places.
Project I
| Time: | 0 | 1 | 2 | 3 | 4 |
|---|---|---|---|---|---|
| Cash flow: | $ 11,500 | $ 5,580 | $ 4,430 | $ 1,770 | $ 2,250 |
MIRR = ?%
Should the project be accepted or rejected?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
