What is the projects modified irr
Question:
Los Angeles Lumber Company (LALC) is considering a project with a cost of $1,000 at time = 0 and inflows of $300 at the end of Years 1 - 5. LALC's cost of capital is 10 percent. What is the project's modified IRR (MIRR)?
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LALC's cost of capital is 10 percent. What is the project's modified IRR (MIRR)?
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