Harley worked for many years to save enough money to start his own residential landscape design business.
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Harley worked for many years to save enough money to start his own residential landscape design business.
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The cash flows shown are those he recorded for the first 6 years as his own boss. Find the external rate of return using the modified rate of return approach, an investment rate of 15% per year, and a borrowing rate of 8%. (After using the procedure, use the MIRR function to confirm youranswer.)
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Step by Step Answer:
Follow the steps of the modified ROR procedure PW 0 9000 2000PF82 7000PF83 9000 2000085...View the full answer
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