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Problem 13-20 MIRR (LG13-4) Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return

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Problem 13-20 MIRR (LG13-4) Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively. Time: Cash flow: 0 -$14,600 1 $2,400 2 $3,600 3 $2,800 4 $2,800 5 $2,600 6 $2,400 Use the MIRR decision rule to evaluate this project. (Do not round intermediate calculations and round your final answer to 2 decimal places.) MIRR %

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