A project has the following cash flows: Year Cash Flows 0 -$10,700 1 4,510 2 6,460 3 4,000 4 -1,840 Assuming the appropriate interest rate is 9 percent, what is the MIRR for this project

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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A project has the following cash flows:
Year
0
1
2
3
4
Cash Flows
-$10,700
4,510
6,460
4,000
-1,840
Assuming the appropriate interest rate is 9 percent, what is the MIRR for this project using the discounting approach?
Multiple Choice
12.10%
8.87%
10.37%
12.96%
10.64%
Transcribed Image Text:A project has the following cash flows: Year 0 1 2 3 4 Cash Flows -$10,700 4,510 6,460 4,000 -1,840 Assuming the appropriate interest rate is 9 percent, what is the MIRR for this project using the discounting approach? Multiple Choice 12.10% 8.87% 10.37% 12.96% 10.64%
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