Project K costs 50000 its expected cash inflows are 13000 pe

Project K costs $50,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 11%. What is the project\'s MIRR? Round your answer to two decimal places.

Future value of annuity=Annuity[(1+rate)^time period-1]/rate

=$13000[(1.11)^8-1]/0.11

=$13000*11.85943427

=$154172.6455(Approx).

MIRR=[Future value of inflows/Present value of outflows]^(1/time period)-1

=[$154172.6455/50000]^(1/8)-1

=15.11%(Approx).

$Project K costs $50,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 11%. What is the project\'s MIRR? Round your answer to two$

Project K costs 50000 its expected cash inflows are 13000 pe

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