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 11.47 percent.The initial outlay is $328,800.
Year 1: $127,800
Year 2: $180,700
Year 3: $186,800
Year 4: $128,600
Year 5: $128,600
Round the answer to two decimal places in percentage form.
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th Edition
1260772381, 978-1260772388
