Frazier Fudge Has a Project with an Initial Outlay of $40,000,followed

question 105

Multiple Choice

Frazier Fudge has a project with an initial outlay of $40,000,followed by three years of annual incremental cash flows of $35,000.The terminal cash flow of the project is $10,000.Assuming a cost of capital of 10%,calculate the MIRR of the project.

• A)46.5%
• B)51.3%
• C)62.9%
• D)74.7%