What is the payback period for the following set of cash flows? Year Cash Flow 0 ?$ 6,200 1 1,600 2 1,700 3 1,800 4 1,800 rev: 09_18_2012 3.79 years 3.61 years 3.63 years 3.56 years 3.91 years
Project L costs $65,000, its expected cash inflows are $9,000 per year for 8 years, and its WACC is 13%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.