Suppose your firm is considering investing in a project


Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively. Time: 0; 1; 2; 3; 4; 5; 6 Cash flow -$15,000; $2,800; $4,000; $3,200; $3,200; $3,000; $2,800 Use the MIRR decision rule to evaluate this project. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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Financial Management: Suppose your firm is considering investing in a project
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