Mindtapv2.0 Finance, 1 Term (6 Months) Printed Access Card For Brigham/houston's Fundamentals Of Financial Management, 15th (mindtap Course List)
Mindtapv2.0 Finance, 1 Term (6 Months) Printed Access Card For Brigham/houston's Fundamentals Of Financial Management, 15th (mindtap Course List)
15th Edition
ISBN: 9780357114575
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
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Chapter 11, Problem 21P
Summary Introduction

To calculate: MIRR of the given project.

Introduction:

Modified Internal Rate of Return (MIRR):

It refers to the rate of return that is computed by the company to make a decision regarding the selection and ranking of a project for investment. This is a modified version of the IRR with reinvestment of cash flows at the cost of capital.

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Chapter 11 Solutions

Mindtapv2.0 Finance, 1 Term (6 Months) Printed Access Card For Brigham/houston's Fundamentals Of Financial Management, 15th (mindtap Course List)

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