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Given the following attributes of an investment project with a 5-year life and an after-tax discount rate of 15%, 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 15%, calculate both the IRR and MIRR of the project: investment outlay, time 0, $5,400; after-tax cash inflows, year 1, $2,700; year 2, $1,080; year 3, $1,620; year 4, $1,080; and year 5, $2,700. 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%).)
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