Question: Need help with formula for Question 2 in excel: Based on the cash flows shown in the chart below, compute the IRR and MIRR for

Need help with formula for Question 2 in excel:

  1. Based on the cash flows shown in the chart below, compute the IRR and MIRR for Project Erie. Suppose that the appropriate cost of capital is 12 percent. Advise the organization about whether it should accept or reject the project.
  2. Project Erie

Time012345Cash Flow$12,000$2,360$4,390$1,520$980$1,250

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