In: Finance
TL Lumber is evaluating a project with cash flows of −$12,800, $7,400, $11,600, and −$3,200 for Years 0 to 3, respectively. Given an interest rate of 8 percent, what is the MIRR using the discounted approach? 13.25 percent 14.08 percent 15.40 percent 14.36 percent 19.23 percent