Question: please solve these two with explanation Question 1 (1 point) What is the MIRR for on an investment of $1500 that has a salvage value
please solve these two with explanation
Question 1 (1 point) What is the MIRR for on an investment of $1500 that has a salvage value of $500 in the fourth year. The investment yields $600 each of the 4 years. Assume the investing rate is 10% and the financing rate is 4%? 29% 15% 31% 22% Question 2 (1 point) What is the MIRR for a project that has an initial investment of $1,000,000. The project makes $3,000,000 the first year. The second year the project is stopped and it costs $1,000,000 to remove the equipment. Assume the investing rate is 10% and the financing rate is 4%. 22% 15%
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