Question
The Taxi Co. is evaluating a project with the following cash flows: Year, Cash Flow 0, -29,000 1, 11,200 2, 13,900 3, 15,800 4, 12,900
The Taxi Co. is evaluating a project with the following cash flows:
Year, Cash Flow
0, -29,000
1, 11,200
2, 13,900
3, 15,800
4, 12,900
5, -9,400
The company uses 11% interest rate on all of its projects. What is the MIRR using the discounted approach?
19.66%
19.23%
17.08%
15.40%
13.25%
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
