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Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows
Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 9.00 percent.The initial outlay is $452,700. Year 1: $125,400 Year 2: $127,000 Year 3: $123,100 Year 4: $155,500 Year 5: $164,300 Round the answer to two decimal places in percentage form.
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