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Nobel Tech Inc. is building a new production line. The cost of the production line is...

Nobel Tech Inc. is building a new production line. The cost of the production line is $3 million in the current year and $2 million in the following year. The production line is expected to bring in cash inflow of $1.6 million in year 2, and $2 million each year from year 3 to year 7. The company uses a cost of capital of 10% on all the projects.

The MIRR of the project is closest to ____________.

Group of answer choices

a. 22.5%

b. 17.4%

c. 28.5%

d. 24%

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Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

AS NOTHING WAS MENTIONED, SOLVED WITH EXCEL.

ANSWER : b : 17.4%

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