Question: You are evaluating a project that involves an initial outlay of $70,000 to commit to the project. If you take the project, then you will

You are evaluating a project that involves an initial outlay of $70,000 to commit to the project. If you take the project, then you will have inflows of $60,000 in Yr I, $85,000 in Yr 2, -$12,000 in Yr 3, and -$50,000 in Yr 4. 


What is the Modified Internal Rate of Return on the project if the cost of capital is 10%?

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