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 9.75 percent.The initial outlay is $341,600.
Year 1: $173,900
Year 2: $147,700
Year 3: $141,400
Year 4: $176,400
Year 5: $154,600
Round the answer to two decimal places in percentage form.
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
