Question
Modular Co. is evaluating the following investment project, Project L. The firm requires a 5% rate of return on its investments. Calculate the modified internal
Modular Co. is evaluating the following investment project, Project L. The firm requires a 5% rate of return on its investments. Calculate the modified internal rate of return (MIRR3) for the project. MIRR3 is known as the combination approach. (Enter percentages as decimals and round to 4 decimals)
| Year (t) | Project L |
| 0 | -75,000 |
| 1 | 25,000 |
| 2 | 25,000 |
| 3 | -75,000 |
| 4 | 50,000 |
| 5 | 50,000 |
| 6 | -25,000 |
| 7 | 50,000 |
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Dividend Growth Investing Machine
Authors: Andrew P.C.
1st Edition
1521728461, 978-1521728468
