Question: Please show how to do with excel and show work, I need to know how to do it, not necessarily the answer. Thanks! Find the

 Please show how to do with excel and show work, I

Please show how to do with excel and show work, I need to know how to do it, not necessarily the answer. Thanks!

Find the modified internal rate of return (MIRR) for a proposed project costing $11,055 (if you calculate an MIRR of 20.22%, please enter 20.22 - do not include the % symbol, and use at least two decimal places). Assume that the appropriate cost of capital for projects of this risk level, at this company is 11.52%, and the estimated cash flows for the life of the project are as follows: Year 1 Year 2 Year 3 Year 4 Year 5 $2,239 $2,259 $3,654 $6,890 $9,759

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!