Question

Doak Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 –$ 16,900 1 8,000 2 9,200 3 8,800 4 7,600 5 – 5,000 The company uses an interest rate of 8 percent on all of its projects. Calculate the MIRR of the project using all three methods.

Answer 1

Answer:

MIRR= 15.06%

Explanation:

Please find the calculation of MIRR in the excel sheet from the link below. Once it opens, click on "edit in browser" to see the function within the highlighted cell.

LINK: https://1drv.ms/x/s!Ah6GQykxbVxAoE5dz6RrBjCt2eZr