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(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
(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 $1 million per year for 6 years. Calculate the project's MIRR given: a. A required rate of return of 10 percent b. A required rate of return of 12 percent c. A required rate of return of 15 percent a. If the required rate of return is 10 percent, what is the project's MIRR? % (Round to two decimal places.) b. If the required rate of return is 12 percent, what is the project's MIRR? % (Round to two decimal places.) c. If the required rate of return is 15 percent, what is the project's MIRR? % (Round to two decimal places.)
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