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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 13.10 percent. The initial outlay for the projects is $487,600. Find the MIRR for the companys project. The project will produce the following after tax cash inflows of Year 1: $215,000 Year 2: $270,300 Year 3: $295,400 Year 4: $197,700 Round answer two decimals

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Financial Management, Finance

Category:- Financial Management
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