Question
Find the Modified Internal Rate of Return (MIRR) for the following series of future cash flows, given a discount rate of 9%: Year 0: -$18,000;
Find the Modified Internal Rate of Return (MIRR) for the following series of future cash flows, given a discount rate of 9%: Year 0: -$18,000; Year 1: $4,000; Year 2: $5,500; Year 3: $3,000; Year 4: $9,500; and, Year 5: $2,000.
a. About 9.77%
b. About 10.88%
c. About 13.12%
d. About 12.04%
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College Algebra
Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
12th edition
134697022, 9780134313795 , 978-0134697024
