In: Finance
Mr. Burns is looking to open a second nuclear power plant in Springfield. It will have the following cash flows:
Year Cash Flow
0 -29,000
1 11,200
2 13,900
3 15,800
4 12,000
5 -9,400
The company uses an 9% discount rate on all of its projects. Using the combination method what is the MIRR of the project?