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Driver Electronics is considering a project that has the following cash flows: CF0 = -$3,000; CF1 = $1,800; CF2 = $2,200; and CF3 = -$200.
Driver Electronics is considering a project that has the following cash flows: CF0 = -$3,000; CF1 = $1,800; CF2 = $2,200; and CF3 = -$200. Note the final cash flow is negative due to the environmental costs charged against the project upon its completion. What is the project's modified internal rate of return (MIRR), given a discount rate of 9%? Please present your answer in percentage terms, rounded to two decimal places (e.g., 10.25%)
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