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:

Parallel Processing

A method of computation where many calculations or processes are carried out simultaneously, leveraging multiple processors or computers to solve complex problems faster.

Network

A group of interconnected computers, servers, and other devices that allow for data sharing and communication amongst them.

Cache Memory

A type of high-speed volatile computer memory that provides high-speed data access to the processor and stores frequently used computer programs, applications, and data.

Virtual Memory

The space on the hard drive where the operating system stores data if there isn’t enough random access memory to hold all of the programs you’re currently trying to run.