Question: Ingram Electric Products is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected.
WACC: 9.50%
Year 0 1 2 3
Cash flows -$800 $350 $350 $350
- 15.03%
- 13.73%
- 10.88%
- 12.95%
- 10.62%