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Management of Blossom Home Furnishings is considering acquiring a new machine that can create customized window...

Management of Blossom Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $199,550 and will generate cash flows of $79,750 over each of the next six years. If the cost of capital is 15 percent, what is the MIRR on this project?

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Year 2 Cash flows $79,750 $79,750 $79,750 $79,750 $79,750 $79,750 Fv @ 15% 2.01 1.75 1.52 1.32 1.15 1.00 Future value $160,40

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