Question: Marathon Technologies, Inc. is using the modified internal rate of return (MIRR) when evaluating projects. The company is able to reinvest cash flows received from
Marathon Technologies, Inc. is using the modified internal rate of return (MIRR) when evaluating projects. The company is able to reinvest cash flows received from the project at an annual rate of 11.03 percent. The initial outlay for the project is $469,400. Find the MIRR for the company's project. The project will produce the following after-tax cash inflows of
Year 1: $141,100
Year 2: $211,500
Year 3: $148,400
Year 4: $271,800
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