Galdurheim Co. is evaluating the following investment project. The firm requires a 10% rate of return on
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Question:
Galdurheim Co. is evaluating the following investment project. The firm requires a 10% rate of return on their investments. Calculate the modified internal rate for return (MIRR3) for the project. (Enter percentages as decimals and round to 4 decimals).
| Year | Project M |
| 0 | -250 |
| 1 | 41 |
| 2 | 48 |
| 3 | 63 |
| 4 | 79 |
| 5 | 88 |
| 6 | 64 |
| 7 | 41 |
Expert Answer:
To calculate the Modified Internal Rate of Return MIRR3 for the project we need to find the present ... View the full answer
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