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Find the modified internal rate of return ( MIRR ) for a proposed project costing $8,571 ( if you calculate an MIRR of 20.22%, please
Find the modified internal rate of return (MIRR) for a proposed project costing $8,571 (if you calculate an MIRR of 20.22%, please enter 20.22 - do not include the % symbol, and use at least two decimal places). Assume that the appropriate cost of capital for projects of this risk level, at this company is 14.09%, and the estimated cash flows for the life of the project are as follows:
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
$3,889 | $5,917 | $6,394 | $4,212 | $6,363
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