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Project Erie Time 0 1 2 3 4 5 Cash Flow $12,000 $2,360 $4,390 $1,520 $980 $1,250 Based on the cash flows shown in the

Project Erie
Time 0 1 2 3 4 5
Cash Flow $12,000 $2,360 $4,390 $1,520 $980 $1,250

Based on the cash flows shown in the chart below, compute the IRR and MIRR for Project Erie. Suppose that the appropriate cost of capital is 12 percent. Advise the organization about whether it should accept or reject the project.

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