(Answered) Problem regarding the MIRR for the project

Finance

Question: Honey Bee is thinking about purchasing a new clam maker for $14,000. The expected net cash flows resulting from the digger are $9,000 in year 1, $7,000 in the 2nd year, $5,000 in the 3rd year, and $3,000 in the 4th year. Assuming that the cost of capital is 12 percent what is the MIRR for the project? Explain your answers and provides examples.

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