Finc 330 HW 6C Q5.jpg - Question 5 0 1 poir Tall Trees Inc is using the modified internal rate of return(MIRR when evaluating projects The company is

# Finc 330 HW 6C Q5.jpg - Question 5 0 1 poir Tall Trees Inc...

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Unformatted text preview: Question 5 0 / 1 poir Tall Trees, Inc. is using the modified internal rate of return (MIRR) when evaluating projects. The company is able to reinvest cash flows received from the project at an annual rate of 11.19 percent. What is the MIRR of a project if the initial costs are \$1,924,000 and the project life is estimated as 7 years? The project will produce the same after-tax cash inflows of 568,500 per year at the end of the year. Round the answer to two decimal places in percentage form. (Write the percentage sign in the &quot;units&quot; box) Answer: x (16.47) x (%)...
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