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The chief financial officer is skeptical of the reinvestment assumption made in calculating IRR. So, she asks you to compute the modified internal rate of

The chief financial officer is skeptical of the reinvestment assumption made in calculating IRR. So, she asks you to compute the modified internal rate of return (MIRR) for the project with the following set of cash flows? The firm's cost of capital = 12.1%. Enter your answer as a %, rounding to 2 places, so 21.32% would be entered as 21.32. Year 0 cash flow = -128,000 Year 1 cash flow = 41,000 Year 2 cash flow = 33,000 Year 3 cash flow = 53,000 Year 4 cash flow = 46,000 Year 5 cash flow = 38,000

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