Question
The Century Corporation uses the modified internal rate of return (MIRR) to analyze the merits of investment projects. The firm has a WACC of 10%.
The Century Corporation uses the modified internal rate of return (MIRR) to analyze the merits of investment projects. The firm has a WACC of 10%. The project under analysis has a cost of 100,000 and cash inflows of $50,000 for Year 1, $40,000 for Year 2, and $30,000 for Year 3. What is the project's MIRR?
a. 8.70%
b. 9.10%
c. 10.38%
d. 11.75%
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