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A project will cost $20,000 today and yield cash inflows of $15,000 and $25,000 at the end of Year 1

by | Sep 9, 2023 | finance

 

A project will cost $20,000 today and yield cash inflows of $15,000 and $25,000 at the end of Year 1 and Year 2, respectively. At the end of Year 3, the project will require an additional clean-up cost of $5,000. The required rate of return for similar projects is 10%. What is the MIRR of this project if we use the reinvestment approach?

Select one:

a.     38.90%

b.     24.32%

c.      48.03%

d.     61.80%

e.     26.67%

  

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