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Question
Wiley's Wire Products is considering a project that has the following cash flow and cost of capital (r) data. What is the project's MIRR? Note that a project's MIRR can be less than the cost of capital (and even negative), in which case it will be rejected.
r = 11.00%
Year 0 1 2 3
Cash flows -$800 $350 $350 $350
a. 8.86%
b. 9.84%
c. 10.94%
d. 12.15%
e. 13.50%
Answer
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