Multiple Rates of Return

The Ulmer Uranium Company is deciding whether or not to open a strip mine whose net cost is $4.4 million. Net cash inflows are expected to be $27.7 million, all coming at the end of Year 1. The land must be returned to its natural state at a cost of $25 million, payable at the end of Year 2.

What is the project's MIRR at r = 8%? Do not round intermediate calculations. Round your answer to two decimal places. 7.61 % (Correct Answer) What is the project's MIRR at r = 14%? Do not round intermediate calculations. Round your answer to two decimal places. % Calculate the two NPVs. Do not round intermediate calculations. Round your answers to the nearest cent.

1 $ 2 $