Question

MIRR Project L costs $40,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 14%, what is the projects MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.

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Answer #1
Cash flows Year
         (40,000.000) 0
           13,000.000 1
           13,000.000 2
           13,000.000 3
           13,000.000 4
           13,000.000 5
           13,000.000 6
           13,000.000 7
           13,000.000 8

Use MIRR function in Excel

MIRR = 20.00%

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