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Reddington Enterprises is considering the two capital budeting projects with the following cash flows that have a WACC of 12%. Year Redd Wine Vineyards Kaplan

Reddington Enterprises is considering the two capital budeting projects with the following cash flows that have a WACC of 12%.

Year

Redd Wine Vineyards

Kaplan Cleaners

0

-200,000

-200,000

1

50,000

175,000

2

125,000

125,000

3

200,000

100,000

4

300,000

75,000

What is the MIRR for Kaplan Cleaners at its WACC of 12%?

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