Compute the MIRR Statistic for Project J and Advise Whether

question 31

Multiple Choice

Compute the MIRR statistic for Project J and advise whether to accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 10 percent.
Project J
$$\begin{array} { l l l c c c c } \text { Time } & 0 & 1 & 2 & 3 & 4 & 5 \\\text { Cash Flow } & - \$ 1,000 & \$ 300 & \$ 1,480 & - \$ 500 & \$ 300 & - \$ 100\end{array}$$

• A) The project's MIRR is 14.77 percent and the project should be accepted.
• B) The project's MIRR is 9.29 percent and the project should be rejected.
• C) The project's MIRR is 13.76 percent and the project should be accepted.
• D) The project's MIRR is 15.31 percent and the project should be accepted.

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