You are getting ready to get a new project that will incur some cleanup and shutdown costs when it is completed. The project will cost $7,662 upfront and is expected to generate $7,315 per year for four years and then have to spend $393.21 shutdown costs in year 5 to close the project. Assume the cost of capital on this project is 16%. What is the MIRR (modified internal rate of return) for this project?

Answer rating: 100% (QA)

To calculate the Modified Internal Rate of Return MIRR for the project we need to determine the disc... View the full answer