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Malholtra 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 MIRR

Malholtra 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 MIRR can be less than the WACC (and even negative), in which case it will be rejected. ANSERW is 3.50%

WACC: 10.00%

Year 0 1 2 3 4

Cash flows -$1325 $300 $320 $340 $360

My book says that the Compounded Value of $300 is $399.30.

What is the equation to get $399.30

You may use the steps for a BA II Calculator but not EXCEL

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