1.Based on the cash flows shown in the chart below, compute the IRR and MIRR for Project...
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Question:
1.Based on the cash flows shown in the chart below, compute the IRR and MIRR for Project Erie. Suppose that the appropriate cost of capital is 12 percent. Advise the organization about whether it should accept or reject the project.
Project Erie
Cash Flow
Yr 0 $12,000
Yr 1 $2,360
Yr 2 $4,390
Yr 3 $1,520
Yr 4 $980
Yr 5 $1,250
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