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Park Inc. is evaluating the following two mutually exclusive projects. The firm requires an 8% rate of return on its investment. Calculate the modified internal
Park Inc. is evaluating the following two mutually exclusive projects. The firm requires an 8% rate of return on its investment. Calculate the modified internal rate of return (MIRR3) using the combination approach for project A. (Enter percentages as decimals and round to 4 decimals)
| Year (T) | Project A | Project B |
| 0 | -50,000 | -800,000 |
| 1 | 20,000 | 210,000 |
| 2 | 20,000 | 210,000 |
| 3 | 20,000 | 210,000 |
| 4 | 20,000 | 210,000 |
| 5 | 20,000 | 210,000 |
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