Question: You are considering a new project that has an initial capital outlay (today) of $100 and the project makes $30 of free cash flow each

You are considering a new project that has an initial capital outlay (today) of $100 and the project makes $30 of free cash flow each year for 4-years (i.e, makes $30 FCF each year from t=1 to t=4). If the cost of capital (i.e., WACC or discount rate) is 10%, what is the MIRR of the project? (enter the answer as a decimal with 4 decimal places e.g., 0.1234).

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