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Ingram Electric Products is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's

Ingram Electric Products 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.

WACC:

9.50%

Year

0

1

2

3

Cash flows

-$800

$350

$350

$350

Selected Answer: a.

12.95%

Answers: a.

12.95%

b.

9.97%

c.

10.49%

d.

15.29%

e.

13.99%

Could somebody explain the step by steps of how to calculate this MIRR using a Texas instruments BAII + calculator? thank you

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