Question: You are getting ready to get a new project that will incur some cleanup and shutdown costs when it is completed. The project will cost
You are getting ready to get a new project that will incur some cleanup and shutdown costs when it is completed. The project will cost $7,672 upfront and is expected to generate $5,315 per year for four years and then have to spend $293.21 shutdown costs in year 5 to close the project. Assume the cost of capital on this project is 12%. What is the MIRR (modified internal rate of return) for this project? Please round your answer to the fourth decimal. If your answer is 1.23%, you should input "0.0123".
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