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Fundamentals of Financial Manageme...

9th Edition
Eugene F. Brigham + 1 other
ISBN: 9781305635937

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BuyFindarrow_forward

Fundamentals of Financial Manageme...

9th Edition
Eugene F. Brigham + 1 other
ISBN: 9781305635937
Textbook Problem

MIRR Refer to problem 11-1. What is the project’s MIRR?

Summary Introduction

To calculate: The MIRR of the given project.

Introduction:

Modified Internal Rate of Return (MIRR):

It refers to the rate of return that is computed by the company to make a decision regarding the selection and ranking of a project for investment. This is a modified version of IRR with reinvestment of cash flows at the cost of capital.

Explanation

Given information:

Cost of the project is $65,000.

Life of project is 9 years.

Cash inflow from project per year is $12,000.

Cost of capital of the project is 9%...

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