Project X has a cost of $30,000 at t = 0, and it is expected to produce a uniform cash flow stream for 7 years, i.e., the CF's are the same in Years 1 through 7, and it has a regular IRR of 14 percent.The required rate of return for the project is 12 percent.What is the project's modified IRR (MIRR) ?
A) 11.87%
B) 12.42%
C) 13.00%
D) 13.36%
E) 13.59%
Correct Answer:
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