Question
Kingsberry Co. is evaluating the following investment project. The firm require a 10% rate of return on their investments. Calculate the modified internal rate of
Kingsberry Co. is evaluating the following investment project. The firm require a 10% rate of return on their investments. Calculate the modified internal rate of return (MIRR3) using the combination approach. (Enter percentages as decimals and round to 4 decimals)
| Year (T) | CFs |
| 0 | -2,000,000 |
| 1 | 500,000 |
| 2 | 200,000 |
| 3 | 500,000 |
| 4 | -100,000 |
| 5 | 700,000 |
| 6 | 600,000 |
| 7 | -200,000 |
| 8 | 700,000 |
| 9 | -100,000 |
| 10 | 700,000 |
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New Issues In Financial Institutions Management
Authors: F Fiordelisi, P Molyneux, D Previati
2010th Edition
0230278108, 978-0230278103
