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Compute the modified internal rate of return

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Reference no: EM132562009

Question - The following table represents the cash inflows for the Tunkle Toes Boutique for nine years:

Year

Cash inflow(R)

3

45,000

6

90,000

9

115,000

The applicable interest rate, at which money can be invested is 11,59% per year. The present value of the cash outflows is R95 000.

Compute the MIRR (modified internal rate of return)?

[1] 14,72%.

[2] 21,25%.

[3] 31,90%.

[4] 38,06%.

[5] 41,91%.

Reference no: EM132562009

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