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Given the following attributes of an investment project with a 5-year life and an after-tax discount rate of 12%, calculate both the IRR and MIRR
Given the following attributes of an investment project with a 5-year life and an after-tax discount rate of 12%, calculate both the IRR and MIRR of the project: investment outlay, time 0, \$2,700; after-tax cash inflows, year 1,$540; year 2, \$1,080; year 3,$1,080; year 4,$1,350; and year 5 , $1,350. Use the appropriate built-in functions in Excel (IRR and MIRR) to estimate both the IRR and the MIRR of the proposed investment. (Round "IRR" and "MIRR" to 2 decimal places. (i.e. 0.1234=12.34%).) Answer is complete but not entirely correct
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