Question: (4) Watts Co. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's MIRR? Note

 (4) Watts Co. is considering a project that has the following

(4) Watts Co. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's MIRR? Note that a project's MIRR can be less than the cost of capital (and even negative), in which case it will be rejected. r 10.00% Year 0 1 2 3 -$900 $300 $320 $340 $360 Cash flows a. 18.94% b. 17.21% c 15.02% d. 14.01%

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