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 13.86 percent.The initial outlay is $476,200.
Year 1: $131,700
Year 2: $161,200
Year 3: $155,400
Year 4: $151,200
Year 5: $183,400
Round the answer to two decimal places in percentage form.
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Introduction To Machine Learning In Quantitative Finance An Advanced Textbooks In Mathematics
Authors: Hao Ni, Xin Dong, Jinsong Zheng, Guangxi Yu
1st Edition
1786349361, 9781786349361
