Question: Assignment 11: Chapter 11 End-of-Chapter Problems Back to Assignment Attempts Keep the Highest / 5 1. Problem 11.03 (MIRR) Project L requires an initial outlay

Assignment 11: Chapter 11 End-of-Chapter Problems Back to Assignment Attempts Keep the Highest / 5 1. Problem 11.03 (MIRR) Project L requires an initial outlay at t=0 of $40,000, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 12%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places. %
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