Problem 13-11 MIRR (LG13-4)

Compute the MIRR statistic for Project I if the appropriate cost of capital is 12 percent.(Do not round intermediate calculations and round your final answer to 2 decimal places.)

Project I
Time:	0	1	2	3	4
Cash flow	$11,900	$5,780	$4,630	$1,970	$2,450

MIRR

%

Should the project be accepted or rejected?

	Rejected
	Accepted