Duo Corporation is evaluating a project with the following cash flows:   Year    Cash Flow 0    −$ 29,800 1    12,000 2    14,700 3    16,600 4    13,700 5    −10,200   The company uses an interest rate of 9 percent on all of its projects.   Calculate the MIRR of the project using the discounting approach.

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Duo Corporation is evaluating a project with the following cash flows:
 
Year    Cash Flow
0    −$ 29,800
1    12,000
2    14,700
3    16,600
4    13,700
5    −10,200
 
The company uses an interest rate of 9 percent on all of its projects.
 
Calculate the MIRR of the project using the discounting approach. 

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