Question
Gap is considering a project that has the following cash flows Year 0 Cash Flow -X Year 1 Cash Flow 210 Year 2 Cash Flow
Gap is considering a project that has the following cash flows
Year 0 Cash Flow -X
Year 1 Cash Flow 210
Year 2 Cash Flow 215
Year 3 Cash Flow 375
Year 4 Cash Flow 456
The project has a payback of 3.15 years, and the firms cost of capital is 12%. What is the projects MIRR?
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Finance Applications And Theory
Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair
3rd International Edition
1259252221, 9781259252228
