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***PLEASE SOLVE EITHER USING A BA II PLUS CALCULATOR OR SHOW STEPS*** The answer is included but I want to learn the steps. Do not
***PLEASE SOLVE EITHER USING A BA II PLUS CALCULATOR OR SHOW STEPS***
The answer is included but I want to learn the steps.
Do not use Excel
Ehrmann Data Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's MIRR can be less than the WACC (and even negative), in which case it will be rejected. 13.74%
WACC: 8.75%
Year 0 1 2 3
Cash flows -$1,000 $450 $450 $450
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