Question
Find the modified internal rate of return ( MIRR ) for a proposed project costing $12,654. Assume that the appropriate cost of capital for projects
Find the modified internal rate of return (MIRR) for a proposed project costing $12,654. Assume that the appropriate cost of capital for projects of this risk level, at this company is 15.16%, and the estimated cash flows for the life of the project are found in the table below.
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
| $5,866 | $9,268 | $10,324 | $2,417 | $3,496 |
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Project Finance In Construction
Authors: Tony Merna, Yang Chu, Faisal F. Al-Thani
1st Edition
1444334778, 978-1444334777
