In: Economics
For the net cash flow series, find the external rate of return (EROR) using the MIRR method with an investment rate of 25% per year and a borrowing rate of 11% per year.
Year | 1 | 2 | 3 | 4 | 5 | 6 |
Net Cash Flow, $ | 4,000 | -5,000 | -3,000 | 6,000 | -800 | 3,400 |
The external rate of return is %.