Project A requires an initial outlay at t=0 of $1,000, and its cash flows are the same in Years 1 through 10. Its IRR is 17%, and its WACC is 10%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places. %

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter12: Capital Budgeting: Decision Criteria
Section: Chapter Questions
Problem 1P: A project has an initial cost of 40,000, expected net cash inflows of 9,000 per year for 7 years,...
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Project A requires an initial outlay at t=0 of $1,000, and its cash flows are the same in Years 1 through 10. Its IRR is 17%, and its WACC is 10%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal
places.
%
Transcribed Image Text:Project A requires an initial outlay at t=0 of $1,000, and its cash flows are the same in Years 1 through 10. Its IRR is 17%, and its WACC is 10%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places. %
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