Question: Please solve using Excel Hardware Corp. is evaluating a project with the following cash flows: (7 points) B 1 Year Cash Flow 2 0 -$32,600
Hardware Corp. is evaluating a project with the following cash flows: (7 points) B 1 Year Cash Flow 2 0 -$32,600 3 1 $ 11.520 4 2 $ 14,670 5 3 $ 11,270 6 4 S 10,940 7 5 -$4,230 a. If the cost of capital and the reinvestment rate are the same, 10%, what is the modified IRR? b. If the cost of capital is 10% but the reinvestment rate is 8%, what is the modified IRR? Explain why this MIRR is different from the MIRR in part a
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