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 14.57 percent.The initial outlay is $461,800.
Year 1: $149,000
Year 2: $174,400
Year 3: $185,100
Year 4: $142,000
Year 5: $160,300
Round the answer to two decimal places in percentage form.
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Quantitative Financial Risk Management
Authors: Constantin Zopounidis, Emilios Galariotis
1st Edition
1118738187, 978-1118738184
