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West Street Automotive is considering adding state safety inspections to its service offerings. The equipment necessary...

West Street Automotive is considering adding state safety inspections to its service offerings. The equipment necessary to perform these inspections will cost $602,000 and will generate cash flows of $211,000 over each of the next five years.

If the cost of capital is 17 percent, what is the MIRR on this project? (Round final answer to 1 decimal place, e.g. 527.5.)

MIRR %
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Ans 19.7%

If the cost of capital is 17 percent, the MIRR on this project is 19.7%

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