Technologies is using modified internal rate of return

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Reference no: EM131045182

Technologies Inc is using 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 9.70%. The initial outlay for the project is $496,600. Find the MIRR for the company's project. The project will produce the following ater tax cash flows of

Year 1: $222,400

Year 2: $248,400

Year 3: $262,900

Year 4: $267,400

Round the answer to two decimal places in percentage form.

Reference no: EM131045182

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