Question
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 8.55%. The initial outlay for this project is 462,700. Find the MIRR for the company's project. The project will produce the following after tax cash inflows of
Year 1: 152,100
Year 2: 288,700
Year 3: 206,400
Year 4: 220,800
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
