Question: 7 Question #5 (15 Points) Use the Modified IRR (MIRR) method to determine the rate of return of a project that has the following cash

 7 Question #5 (15 Points) Use the Modified IRR (MIRR) method

7 Question #5 (15 Points) Use the Modified IRR (MIRR) method to determine the rate of return of a project that has the following cash flow diagram. The investment rate is 15% and the borrowing rate is 12%. $3 S3 $3 $3 $2 8=30% 5 6 0 1 2 3 4 7 8 9 10 11 years $4 $4 $4 End of Questions

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