Question 4
Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 14.74 percent. The initial outlay is $398000.
Year 1: $164500
Year 2: $121300
Year 3: $129400
Year 4: $176200
Year 5: $160300
Round the answer to two decimal places in percentage form.
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March 18th, 2019 admin