A shoe manufacturer with a marginal cost of capital of 7% is evaluating new equipment that would custom fit athletic shoes. The new equipment costs $90,000 and will generate $35,000 in net cash flows for five years. What is the modified internal rate of return (rounded to two decimal places) for this equipment?

Answer rating: 100% (QA)

To calculate the modified internal rate of return MIRR for the new equipment we n... View the full answer