Calculate modified internal rate of return for a project


The company's cost of borrowing is 9% and its weighted costof capital is 14%. Calculate the modified internal rate of return(MIROR) for a project having these cash flows. _______%

Time of cash flow

0

1

2

3

Net Cash Flow

-20

+6

+18

+9

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Finance Basics: Calculate modified internal rate of return for a project
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