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Hindelang Inc. is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected
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Hindelang Inc. is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected. | ||||||||||||||||
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| WACC: 10% |
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| Year: | 0 | 1 | 2 | 3 | 4 |
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| Cash flows: | -$900 | $300 | $320 | $340 | $360 |
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| a. | 12.61% |
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| b. | 14.01% |
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| c. | 15.41% |
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| d. | 16.95% |
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| e. | 18.64% |
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