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

question 84

Multiple Choice

Find the Modified Internal Rate of Return (MIRR) for the following series of future cash flows,given a discount rate of 11%: Year 0: -$22,000;Year 1: $5,000;Year 2: $6,000;Year 3: $7,000;Year 4: $7,500;and,Year 5: $8,000.

• A)About 12.13%
• B)About 12.88%
• C)About 13.04%
• D)About 13.12%

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Definitions:

Economic Organization

The structured and systematic way in which economic activity is arranged in a society, including the allocation of resources, production, and distribution of goods and services.

Economic Efficiency

The optimal distribution of resources to meet the needs and desires of a society, reducing waste and maximizing value.

National Security

The protection of a nation's citizens, economy, and institutions from threats or aggression, both internal and external.

Reelected

The process of being elected again for another term in the same position or office.