Oriole Automotive is considering adding state safety inspections to its service offerings. The equipment necessary to perform these inspections will cost $507,000 and will generate cash flows of $177.000 over each of the next five years. If the cost of capital is 14 percent, what is the MIRR on this project? (Round final answer to 1 decimal place, e.g. 527.5)

Oriole Automotive is considering adding state safety inspections to its service offerings. The equipment necessary to perform these inspections will cost $507,000 and will generate cash flows of $177.000 over each of the next five years. If the cost of capital is 14 percent, what is the MIRR on this project? (Round final answer to 1 decimal place, e.g. 527.5)

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EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter11: Capital Budgeting And Risk

Section: Chapter Questions

Problem 26P

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