Question: Daigles Bagels has a 8% WACC and is evaluating a project for this years capital budget. After-tax cash flows, including depreciation, are as follows: Year

Daigles Bagels has a 8% WACC and is evaluating a project for this years capital budget. After-tax cash flows, including depreciation, are as follows:

Year Cashflow
0 -$900
1 $400
2 $500
3 $300
4 $200

What is the project's expected MIRR? Answer as a percentage with 2 decimals (ex. 16.61).

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