Below are the returns of Nulook Cosmetics and the "market" over a three-year period: Nulook finances internally using only retained earnings,and it uses the Capital Asset Pricing Model with a historical beta to determine its required rate of return.Currently,the risk-free rate is 7 percent,and the estimated market risk premium is 6 percent.Nulook is evaluating a project which has a cost today of $2,028 and will provide estimated cash inflows of $1,000 at the end of the next 3 years.What is this project's MIRR?

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Below are the returns of Nulook Cosmetics and the "market" over a three-year period:  Nulook finances internally using only retained earnings,and it uses the Capital Asset Pricing Model with a historical beta to determine its required rate of return.Currently,the risk-free rate is 7 percent,and the estimated market risk premium is 6 percent.Nulook is evaluating a project which has a cost today of $2,028 and will provide estimated cash inflows of $1,000 at the end of the next 3 years.What is this project's MIRR?

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The Answer of Below are the returns of Nulook Cosmetics and the "market" over a three-year period:  Nulook finances internally using only retained earnings,and it uses the Capital Asset Pricing Model with a historical beta to determine its required rate of return.Currently,the risk-free rate is 7 percent,and the estimated market risk premium is 6 percent.Nulook is evaluating a project which has a cost today of $2,028 and will provide estimated cash inflows of $1,000 at the end of the next 3 years.What is this project's MIRR?

Below Are the Returns of Nulook Cosmetics and the "Market