Fundamentals of Financial Manageme...
Solutions
Fundamentals of Financial Manageme...
MIRR Refer to Problem 11-1. What is the project’s MIRR?
To calculate: The MIRR of the given project.
Modified Internal Rate of Return (MIRR):
It refers to the rate of return that is computed by the company to make a decision of 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.
Given,
Cost of the project is $52,125.
Life of project is 8 years.
Cash inflow from project per year is $12,000.
Cost of capital of the project is 12%...
Chapter 11 Solutions
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