J&E Inc,Use the Modified Internal Rate of Return (MIRR)when Evaluating Projects

question 31

Multiple Choice

J&E Inc.,use the Modified Internal Rate of Return (MIRR) when evaluating projects.J&E's cost of capital is 8.5%.What is the MIRR of a project if the initial costs are $4,300,000 and the project lasts five years,with each year producing the same after-tax cash inflows of $1,100,000?

• A)About 8.81%
• B)About 8.67%
• C)About 8.50%
• D)About 8.24%

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