Question
TL Lumber is evaluating a project with cash flows of $12,800, $7,400, $11,600, and $3,200 for Years 0 to 3, respectively. Given an interest rate
TL Lumber is evaluating a project with cash flows of $12,800, $7,400, $11,600, and $3,200 for Years 0 to 3, respectively. Given an interest rate of 8 percent, what is the MIRR using the discounted approach?
Multiple Choice
- 13.25 percent
- 14.08 percent
- 15.40 percent
- 14.36 percent
- 19.23 percent
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
