Calculate the mirr of project using combination approach

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Reference no: EM131601926

RAK Corp. is evaluating a project with the following cash flows:

Year Cash Flow

0 –$ 28,600

1 10,800

2 13,500

3 15,400

4 12,500

5 – 9,000

The company uses a discount rate of 13 percent and a reinvestment rate of 6 percent on all of its projects. Calculate the MIRR of the project using the combination approach.

Reference no: EM131601926

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