Los Angeles Lumber Company (LALC)is Considering a Project with a Cost

question 10

Multiple Choice

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%.What is the project's modified IRR (MIRR) ?

• A) 10.0%
• B) 12.9%
• C) 15.2%
• D) 18.3%
• E) 20.7%

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