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stranahan stranahan
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7 years ago
Wyatt and Zachary Enterprises (WZE) uses the Modified Internal Rate of Return (MIRR) when evaluating projects. WZE's cost of capital is 9.75%. What is the MIRR of a project if the initial cost is $1,200,000 and the project will last seven years, with each year producing cash inflows of $290,000? Should WZE accept this project according to the MIRR method? Explain.
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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swift-hoveswift-hove
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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