Marathon Technologies, INC is using the modified internal rate of return MIRR when evaluating projects. The company is able to reinvest cash flows received from the project at an annual rate of 10.89 percent.
Marathon Technologies, INC is using the modified internal rate of
return MIRR when evaluating projects. The company is able to reinvest cash flows received from the project at an annual rate of 10.89 percent. The initial outlay for the project is $485,100. Find the MIRR for the company’s project. The project will produce the following after-tax cash inflows of :
Year 1 – 140,900
Year 2 – 160,300
Year 3 – 177,000
Year 4 – 294,700
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