Uses the modified internal rate of return

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1. The Century Corporation uses the modified internal rate of return (MIRR). The firm has a WACC of 8%. The project under analysis has a cost of $20,000 and cash inflows of $8,000/year for the next three years. What is the project's MIRR?

2. A preferred stock from Hecla Mining Co. (HLPRB) pays $3.70 in annual dividends. If the required rate of return on the preferred stock is 8.6 percent, what is the fair present value of the stock? (Round your answer to 2 decimal places. (e.g., 32.16))

Fair present value $

Reference no: EM131842919

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