Question
What is the Modified IRR of a project with the following cash flows and a required return of 10%? Would you accept or reject this
What is the Modified IRR of a project with the following cash flows and a required return of 10%? Would you accept or reject this project based on its Modified IRR? Assume that the reinvestment rate is equal to the required rate of return. (no change)
| YEAR | CF |
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| 0 | -$600 |
|
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| 1 | $800 |
|
|
| 2 | $400 |
|
|
| 3 | $200 |
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|
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
6th Edition
0030213088, 9780030213083
