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Solo Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 $ 28,300 1 10,500 2 13,200 3 15,100 4 12,200
Solo Corp. is evaluating a project with the following cash flows: |
Year | Cash Flow | |||
0 | $ | 28,300 | ||
1 | 10,500 | |||
2 | 13,200 | |||
3 | 15,100 | |||
4 | 12,200 | |||
5 | 8,700 | |||
The company uses a discount rate of13 percent and areinvestment rate of6 percent on all of its projects. |
Calculate the MIRR of the project using thecombination approach. |
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