Question: Please show work by hand and not excel showing how to calculate MIRR. Final is tomorrow Martin Manufacturers is considering a five-year investment that costs

Please show work by hand and not excel showing how to calculate MIRR. Final is tomorrow

Martin Manufacturers is considering a five-year investment that costs $100,000. The investment will produce cash flows of $25,000 each year for the first two years ( t=1 and t=2 ), $50,000 a year for each of the remaining three years (t=3,t=4, and t=5). The company has a weighted average cost of capital of 12 percent. What is the MIRR of the investment? a. 12.10% b. 14.33% c. 16.00% d. 18.25% e. 19.45%

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