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Marathon Technologies, Inc. is using the modified internal rate of return (MIRR) when evaluating projects. The company Is able to reinvest cash flows received from
Marathon Technologies, Inc. is using the modified internal rate of return (MIRR) when evaluating projects. The company Is able to reinvest cash flows received from the project at an annual rate of 13.93 percent. The initial outlay for the projects is $431,300. Find the MIRR for the companys project. The project will produce the following after tax cash inflows of Year 1: $269,800 Year 2: $185,600 Year 3: $273,500 Year 4: $208,400
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