Question
Elway Corp. is considering a project with the following cash flows. Year Cash Flows 0 -$44,092 1 $17,217 2 $23,538 3 $30,789 4 -$11,341 5
Elway Corp. is considering a project with the following cash flows.
| Year | Cash Flows |
| 0 | -$44,092 |
| 1 | $17,217 |
| 2 | $23,538 |
| 3 | $30,789 |
| 4 | -$11,341 |
| 5 | $45,183 |
The company uses a discount rate of 9 percent on all of its projects. Calculate the MIRR of the project using the combination approach?
[Enter the final answer in as a percent with two decimals (e.g. 5.55% = 5.55)]
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Finance At Work
Authors: Valérie Boussard
1st Edition
113820403X, 978-1138204034
