Multiple IRRs and MIRR
A mining company is deciding whether to open a strip mine, which costs $1.5 million. Cash inflows of $13 million would occur at the end of Year 1. The land must be returned to its natural state at a cost of $11.5 million, payable at the end of Year 2.
What is the project's MIRR at WACC = 10%? Round your answer to two decimal places. Do not round your intermediate calculations.
%
What is the project's MIRR at WACC = 20%? Round your answer to two decimal places. Do not round your intermediate calculations.
%