Problem $13-11$ MIRR $($LG$13-4)$

Compute the MIRR statistic for Project I if the appropriate cost of capital is $11$ percent. $($Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$

Project I

Time: $01234$

Cash flow: $$$$11,700$ $$5,680$ $$4,530$ $$1,870$ $$2,350$

Should the project be accepted or rejected?

multiple choice

accepted