Swift Limited Is Considering a Project with the Following Cash

question 155

Multiple Choice

Swift Limited is considering a project with the following cash flows. Calculate the approximate MIRR of the project. The cost of capital is 10 percent. $\begin{array}{ll}\text { Year } & \text { CF } \\ & (\$) \\0 & (15,000) \\1 & 1,000 \\2 & 2,500 \\3 & (2,000) \\4 & 12,000 \\5 & 14,000\end{array}$

• A) 15%
• B) 25%
• C) 13%
• D) 14%

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Definitions:

Strict Liability

Refers to legal responsibility for damages or injury, even if the person found strictly liable was not at fault or negligent.

Building Construction

The process involving materials, design, and planning to create a structure for a specific use or purpose.

Selling

The process of exchanging goods or services for money or other compensation.

Transporting Passengers

The act of moving individuals from one location to another, typically as a service offered by vehicles such as buses, trains, airplanes, and taxis.