Question: MHL Company has recently expanded. The project would require an initial outlay of $10 million and would generate annual cash inflows of $ 6 million

MHL Company has recently expanded. The project would require an initial outlay of $10 million and would generate annual cash inflows of $ 6 million per year for the first three years. In year 4 the project will require an investment outlay of $5 million. During years 5 the project will provide cash inflows of $2 million.
Calculate the projects MIRR considering a required rate of return equal to 10%.

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