Find the Modified Internal Rate of Return (MIRR)for the Following

question 48

Multiple Choice

Find the Modified Internal Rate of Return (MIRR) for the following series of future cash flows,given a discount rate of 9%: Year 0: -$18,000; Year 1: $4,000; Year 2: $5,500; Year 3: $3,000; Year 4: $9,500; and,Year 5: $2,000.

• A)About 9.77%
• B)About 10.88%
• C)About 12.04%
• D)About 13.12%

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Definitions:

Gratitude

Recognizing and concentrating on the good things in one’s life and being thankful for them.

Administers Rewards

The act of providing benefits or recognitions to individuals as a form of reinforcement or an incentive for desired behaviors.

Fairness

The quality of making judgments that are free from discrimination or bias, and uphold the principles of equity and justice.

Consistently

The quality of acting or performing in a similar manner over time, maintaining uniformity and reliability.