Project K costs $75,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 12%. What is the project's MIRR? Round your answer to two decimal places.
| FV of cash inflows = 13000*(1.12^8-1)/0.12 = | $ 1,59,896.01 |
| MIRR = (159896.01/75000)^(1/8)-1 = | 9.93% |
Project K costs $75,000, its expected cash inflows are $13,000 per year for 8 years, and...
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