Question
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 13.26 percent.The initial outlay is $314,100.
Year 1: $120,000
Year 2: $186,200
Year 3: $166,500
Year 4: $143,600
Year 5: $199,700
Round the answer to two decimal places in percentage form.
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
