5. The internal rate of return (IRR). (Do not round intermediate calculations. Round your final answer to 1 decimal place (i.e. 0.123 = 12.3%).) 6. The modified internal rate of return (MIRR). (Do not round intermediate calculations. Round your final answer to 1 decimal place (i.e. 0.123 = 12.3%).)
Bob Jensen Incorporated purchased a $650,000 machine to manufacture specialty taps for electrical equipment. Jensen expects to sell all it can manufacture in the next 10 years. The machine is expected to have a 10-year useful life with no salvage value. Jensen uses straight-line
5. The
6. The modified internal rate of return (MIRR). (Do not round intermediate calculations. Round your final answer to 1 decimal place (i.e. 0.123 = 12.3%).) (In conjunction with this requirement, you might want to consult either of the following two references: MIRR Function and/or IRR in Excel.)
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