What is the project mirr in given case

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Question: Edelman Engineering is considering including one piece of equipment, an overhead pulley system, in this year's capital budget. The cash outlay for the pulley system is $22,430. The firm's WACC is 12%.  What is the project's MIRR. Cash flows for the project are as follows:

Year

Pulley

1

$7,500

2

$7,500

3

$7,500

4

$7,500

5

$7,500

Reference no: EM131969457

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