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Slow Ride Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 $28,700 1 10,900 2 13,600 3 15,500 4 12,600
Slow Ride Corp. is evaluating a project with the following cash flows: |
Year | Cash Flow |
0 | $28,700 |
1 | 10,900 |
2 | 13,600 |
3 | 15,500 |
4 | 12,600 |
5 | 9,100 |
The company uses a 8 percent interest rate on all of its projects. Calculate the MIRR of the project using all three methods. |
Required: | |
(a) | MIRR using the discounting approach.(Do not round your intermediate calculations.) |
(Click to select)17.16%17.52%18.06%18.96%18.6% |
(b) | MIRR using the reinvestment approach. (Do not round your intermediate calculations.) |
(Click to select)14.4%13.71%13.3%14.12%13.02% |
(c) | MIRR using the combination approach. (Do not round your intermediate calculations.) |
(Click to select)12.39%12.13%12.77%13.15%13.41% |
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