Problem:
Ehrmann Data Systems 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: 12.00%
Year 0 1 2 3
Cash flows -$1,000 $450 $450 $450