Management of Sheridan Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $317,550 and will generate cash flows of $74,750 over each of the next six years. If the cost of capital is 11 percent, what is the MIRR on this project? (Round intermediate calculations to 4 decimal places, e.g. 15.1534 and final answer to 2 decimal places, e.g. 15.52%. Do not round factor values.) MIRR eTextbook and Media Save for Later % Attempts: 0 of 3 used Submit Answer

Management of Sheridan Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $317,550 and will generate cash fows of $74,750 over each of the next six years, If the cost of capital is 11 percent, what is the MIRR on this project? (Round intermediate calculations to 4 decimal places, eg, 15.1534 and final answer to 2 decimal ploces, es. 15.52\%. Do not round factor values.) MIRR % eTextbook and Media Attempts: 0 of 3 used