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Problem 13-12 MIRR (LG13-4) Compute the MIRR statistic for Project J if the appropriate cost of capital is 9 percent. (Do not round intermediate calculations.
Problem 13-12 MIRR (LG13-4)
| Compute the MIRR statistic for Project J if the appropriate cost of capital is 9 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Project J | ||||||
| Time: | 0 | 1 | 2 | 3 | 4 | 5 |
| Cash flow | $1,100 | $380 | $1,530 | $530 | $330 | $110 |
| MIRR | % |
| Should the project be accepted or rejected? | ||||
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