(MIRR

calculation)

Artie's Wrestling Stuff is considering building a new plant. This plant would require an initial cash outlay of

$7

million and would generate annual free cash inflows of

$2

million per year for

6

years. Calculate the project's MIRR given:a. A required rate of return of

9

percentb. A required rate of return of

13

percentc. A required rate of return of

16

percenta. If the required rate of return is

9

percent, what is the project's

MIRR?

26.5426.54%

(Round to two decimal places.)b. If the required rate of return is

13

percent, what is the project's

MIRR?

29.4229.42%

(Round to two decimal places.)c. If the required rate of return is

16

percent, what is the project's

MIRR?

nothing%

(Round to two decimal places.)

Enter your answer in each of the answer boxes.