Question
For the net cash flow series, find the EROR using the MIRR method with an investment rate of 10% per year and a borrowing rate
For the net cash flow series, find the EROR using the MIRR method with an investment rate of 10% per year and a borrowing rate of 5% per year.
| Year | 0 | 1 | 2 | 3 | 4 | 5 | 6 |
| NCF$ | 0 | 4100 | -2000 | -7000 | 12000 | -700 | 800 |
| 50.21% | ||
| 41.99% | ||
| 25.22% | ||
| 17.12% |
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
12th Canadian edition
133098230, 978-0132791564, 132791560, 978-0133098235
