Air Jordan Corp. is evaluating a project with the following cash flows: ...
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Air Jordan Corp. is evaluating a project with the following cash flows:
Year
|
Cash flows ($)
|
0
|
-220,000
|
1
|
150,000
|
2
|
190,000
|
3
|
200,000
|
4
|
-300,000
|
The company uses a 15 percent interest rate on all of its projects.
Calculate the MIRR of the project using the combination approach.
Give the answer in percentage, rounding to the nearest unit, with no decimal places (e.g., if the answer would be 3.234%, give 3; or if the answer would be 4.562%, give 5).
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