Hindelang Inc. is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's MIRR can be less than the WACC (and even negative), in which case it will be rejected.
|
WACC
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12.25%
|
|
|
|
|
|
|
Year
|
|
0
|
1
|
2
|
3
|
4
|
|
Cash Flows
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|
-$850
|
$300
|
$320
|
$340
|
$360
|
a. 13.42%
b. 14.91%
c. 16.56%
d. 18.22%
e. 20.04%