For the nonconventional net cash flow series shown, the ex return per year using the MIRR method, with an investment ra year and a borrowing rate of 8% per year, is closest to:

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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QUESTION 4
For the nonconventional net cash flow series shown, the external rate of
return per year using the MIRR method, with an investment rate of 20% per
year and a borrowing rate of 8% per year, is closest to:
Year
0
NCF, -40,000
1
+15,926
2
-29,000
3
+25,000
4
+55,913
Transcribed Image Text:QUESTION 4 For the nonconventional net cash flow series shown, the external rate of return per year using the MIRR method, with an investment rate of 20% per year and a borrowing rate of 8% per year, is closest to: Year 0 NCF, -40,000 1 +15,926 2 -29,000 3 +25,000 4 +55,913
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