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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 13.09 percent.The initial outlay is $367,300. Year 1: $162,200 Year 2: $127,600 Year 3: $129,700 Year 4: $168,800 Year 5: $163,200 Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) Answer: 6.13 Incorrect Response (21.43) % Correct Response PLEASE be detailed not sure how to use the 5 on my calculator.
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