Question: Problem 11-19 Multiple IRRs and MIRR A mining company is deciding whether to open a strip mine, which costs $1.5 million. Cash inflows of $13

Problem 11-19 Multiple IRRs and MIRR

A mining company is deciding whether to open a strip mine, which costs $1.5 million. Cash inflows of $13 million would occur at the end of Year 1. The land must be returned to its natural state at a cost of $11.5 million, payable at the end of Year 2.

What is the project's MIRR at WACC = 10%? Round your answer to two decimal places. Do not round your intermediate calculations. % What is the project's MIRR at WACC = 20%? Round your answer to two decimal places. Do not round your intermediate calculations. %

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