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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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