medium · Principles of Finance capital-budgeting
A project requires an initial investment of 10,000 and produces cash flows of 5,000, 4,000, and 3,000 over the next three years.
If the cost of capital is 10%, what is the Modified Internal Rate of Return (MIRR)?
- 11.20%
- 9.85%
- 10.39%
- 12.10%
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