Big player in personal fitness gear

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Reference no: EM13878157

FitBit, a big player in personal fitness gear, is evaluating a new technology to provide not only heartrate and blood pressure feedback but extensive feedback on every bite of food eaten and lifestyle choices made. The project is expected to provide after-tax annual cash flows of $600 million for 6 years after the investment is made. A cost $3,300 million in To is expected. The firm's management uses the modified IRR approach. You estimate the project discount rate is 10 percent. What is the project's MIRR? Answer to 1 decimal point (xx.x)

Reference no: EM13878157

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