Data 2 Initial Investment cost Cash inflow from year 1 Description - $5,000 $1,200 $1,350 3 4 Cash inflow from year 2 5 $1,400 Cash inflow from year 3 Cash inflow from year 4 6 $1,300 8 IRR 1 Data Description 4% Finance rate 5% - $5,000 4 5 6 7 8 9 10 Reinvestment rate Initial Investment cost Cash inflow from year 1 Cash inflow from year 2 Cash inflow from year 3 Cash inflow from year 4 MIRR $1,200 $1,350 $1,400 $1,300