Question
Nobel Tech Inc. is building a new production line. The cost of the production line is $8 million in the current year. The production line
Nobel Tech Inc. is building a new production line. The cost of the production line is $8 million in the current year. The production line is expected to bring in cash flows of $2.5 million each year for seven years, starting next year. The company uses a cost of capital of 12% on all the projects. The MIRR of this project is closest to _______ (round to the nearest percent).
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
