Find the Modified Internal Rate of Return (MIRR) for the following series of future cash flows,given a discount rate of 11%: Year 0: -$22,000;Year 1: $5,000;Year 2: $6,000;Year 3: $7,000;Year 4: $7,500;and,Year 5: $8,000.
A) About 12.13%
B) About 12.88%
C) About 13.04%
D) About 13.12%
Correct Answer:
Verified
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