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Project K costs $75,000, its expected cash inflows are $9,000 per year for 8 years, and...

Project K costs $75,000, its expected cash inflows are $9,000 per year for 8 years, and its WACC is 13%. What is the project's MIRR? Round your answer to two decimal places

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Answer #1

Answer: The project's MIRR=5.47%
Year Cash flows -75000 9000 9000 9000 9000 9000 9000 9000 9000 11 MIRR= 5.47% 12 Formula used: MIRR(12:110,13%,13%)

The formula is MIRR(values,finance_rate,reinvest_rate)
Here, we need to use WACC as finance rate and reinvest rate

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