Question
Mark is using the modified internal rate of return (MIRR) when evaluating investment opportunities. He is able to reinvest cash flows received from the investment
Mark is using the modified internal rate of return (MIRR) when evaluating investment opportunities. He is able to reinvest cash flows received from the investment at an annual rate of 8.79 percent. The investment will produce the same after-tax cash inflows of 645,400 per year at the end of the year for 5 years. What is the MIRR of an investment if the initial costs are $1,855,700?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
