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

question 85

Multiple Choice

Find the Modified Internal Rate of Return (MIRR) for the following annual series of cash flows,given a discount rate of 10.50%: Year 0: -$75,000;Year 1: $15,000;Year 2: $16,000;Year 3: $17,000;Year 4: $17,500;and,Year 5: $18,000.

• A)About 6.35%
• B)About 6.88%
• C)About 7.35%
• D)About 7.88%

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Definitions:

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