Question

Project L costs $45,000, its expected cash inflows are $10,000 per year for 8 years, and its WACC is 13%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.

Answer 1

Cash flows
(45,000.00)	0
10,000.000	1
10,000.000	2
10,000.000	3
10,000.000	4
10,000.000	5
10,000.000	6
10,000.000	7
10,000.000	8

Use MIRR function in Excel

MIRR = 13.91%