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For the following question, use r=11% as the finance_rate and reinvestment_rate in the MIRR function in Excel. Wiley's Wire Products is considering a project that
For the following question, use r=11% as the finance_rate and reinvestment_rate in the MIRR function in Excel. Wiley's Wire Products is considering a project that has the following cash flow and cost of capital (r) data. What is the project's MIRR? Note that a project's MIRR can be less than the cost of capital (and even negative), in which case it will be rejected. \begin{tabular}{l} 13.50% \\ \hline 8.86% \\ \hline 9.84% \\ \hline 10.94% \\ \hline 12.51% \end{tabular}
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