In: Finance
Project L costs $35,000, its expected cash inflows are $12,000 per year for 8 years, and its WACC is 12%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.
Costs = $35,000
Cash inflows = $12,000 for 8 years
WACC = 12%
MIRR is found using the excel function MIRR with cash flows and WACC as the input
MIRR = 19.71%
Screenshot with formulas