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Miller and Sons is evaluating a project with the following cash flows: Year Cash Flow 0 $ 72,000 1 29,100 2 20,600 3 42,500 4
Miller and Sons is evaluating a project with the following cash flows:
| Year | Cash Flow |
|---|---|
| 0 | $ 72,000 |
| 1 | 29,100 |
| 2 | 20,600 |
| 3 | 42,500 |
| 4 | 24,300 |
| 5 | 9,800 |
The company uses a 10 percent interest rate on all of its projects. What is the MIRR of the project using the reinvestment approach? The discounting approach? The combination approach?
Multiple Choice
18.54%; 17.29%; 13.67%
13.96%; 14.38%; 14.61%
18.54%; 18.23%; 18.61%
18.54%; 17.29%; 14.61%
13.96%; 17.85%; 13.67%
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