BUS 3062-Based on cash flows shown in the chart below
Question # 00468962
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Updated on: 01/24/2017 02:32 AM Due on: 01/24/2017
Based on cash flows shown in the chart below, compute the IRR and MIRR for Project Erie. Suppose that the appropriate cost of capital is 12 percent. Advise the organization about whether it should accept or reject the project.
Project Erie
Time 0 1 2 3 4 5
Cash Flow $12,000 $2,360 $4,390 $1,520 $980 $1,250
Please show work.
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Solution: BUS 3062-Based on cash flows shown in the chart below