Multiple Choice
Turner Enterprises is analyzing a project that is expected to have annual cash flows of $77,400,$21,300 and -$6,200 for Years 1 to 3,respectively.The initial cash outlay is $84,900 and the discount rate is 11 percent.What is the modified IRR?
A) 7.77%
B) 8.13%
C) 8.26%
D) 8.67%
E) 8.79%
Correct Answer:
Verified
Correct Answer:
Verified
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