Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Define each of the following terms: d. Modified
Expert Solution
Step 1
Modified Internal Rate of Return (MIRR):
The modified internal rate of return (MIRR) method undertakes that positive cash flows are brought back or reinvested at the cost of capital of the company and that the original investments are financed at the financing cost of company. The MIRR, consequently, further correctly replicates the profitability and cost project.
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