Tall Trees 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 8.4%.
Tall Trees 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 8.4%. What is the MIRR of the project is the initial costs are $2,076,200 and the project life is estimated as 6 ears? The project will produce the same after-tax cash inflows of 692,200 per year at the end of the year.
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