Question 26

Miller and Sons is evaluating a project with the following cash flows:

Year	Cash Flows
0	-$150,000
1	20,000
2	45,000
3	100,000
4	30,000
5	-10,000

The company uses a 7 percent reinvestment rate and a 12 percent discount rate on all of its projects. What is the MIRR of the project using the discount approach? Hint: This information will be used on three related MIRR problems.

Group of answer choices

7.76 percent

9.05 percent

8.74 percent

7.05 percent

7.92 percent