Project L costs $50,000, its expected cash inflows are $8,000 per year for 8 years, and its WACC is 9%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.
| Year | Cash flows | Compond factor | |
| 0 | $ -50,000.00 | ||
| 1 | $ 8,000.00 | 1.828039 | $ 14,624.31 |
| 2 | $ 8,000.00 | 1.6771 | $ 13,416.80 |
| 3 | $ 8,000.00 | 1.538624 | $ 12,308.99 |
| 4 | $ 8,000.00 | 1.411582 | $ 11,292.65 |
| 5 | $ 8,000.00 | 1.295029 | $ 10,360.23 |
| 6 | $ 8,000.00 | 1.1881 | $ 9,504.80 |
| 7 | $ 8,000.00 | 1.09 | $ 8,720.00 |
| 8 | $ 8,000.00 | 1 | $ 8,000.00 |
| MIRR | 7.36% | FV of cash flow | 88227.7904 |
| 1.76455581 | |||
| 1.07356767 | |||
Get Answers For Free
Most questions answered within 1 hours.