What is the project’s MIRR?
Question 13
Ingram Electric Products is considering a project that has the following cash flow and WACC data. What is the project’s MIRR? Note that a project’s MIRR can be less than the WACC (and even negative), in which case it will be rejected.
Old WACC: 11.00%
Year 0 1 2 3
Cash flows -$800 $350 $350 $350
8.86%
9.84%
10.94%
12.15%
13.50%