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Ehrmann Data Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's

Ehrmann Data Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected. WACC: 13.50% Year 0 1 2 3 Cash flows -$1,000 $450 $450 $450 Answer 15.65% 12.08% 17.35% 16.89% 15.49%

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