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Shoppers Drug Mart is considering a project that has the following cash flows, WACC. and reinvestment rate data. WACC: 9.60% Reinvestment rate: 10.80% Year 0
Shoppers Drug Mart is considering a project that has the following cash flows, WACC. and reinvestment rate data. WACC: 9.60% Reinvestment rate: 10.80% Year 0 1 2 3 Cash flows -$640 $300 $300 $300 Calculate the project's Modified Internal Rate of Return (MIRR). (Provide your answer in percentage with two decimal places.)
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