Question: 1 1 . 1 5 b ( Calculating MIRR ) OTR Trucking runs a fleet of long - haul trucks and has recently expanded into

11.15b (Calculating MIRR) OTR Trucking runs a fleet of long-haul trucks and has recently expanded into the Midwest, where it has decided to build a maintenance facility. This project will require an initial cash outlay of $20 million and will generate annual cash inflows of $4.5 million per year for Years 1 through 3. In Year 4, the project will provide a net negative cash flow of $5,000,000 due to anticipated expansion of and repairs to the facility. During Years 5 through 10, the project will provide cash inflows of $2 million per year.
b. Calculate the projects MIRR. Is the project a worthwhile investment based on this measure? Why or why not?
NOT EXCEL IN FOMULA

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