For the net cash flow series, find the external rate of return (EROR) using the MIRR method with an investment rate of 16% per year and a borrowing rate of 11% per year. Year 2 Net Cash Flow, $ -3,000 The external rate of return is 4,000 %. 3 4,000

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For the net cash flow series, find the external rate of return (EROR) using the MIRR method with an
investment rate of 16% per year and a borrowing rate of 11% per year.
Year
1
2
Net Cash Flow, $
4,000
-3,000
The external rate of return is
3
-4,000
Transcribed Image Text:For the net cash flow series, find the external rate of return (EROR) using the MIRR method with an investment rate of 16% per year and a borrowing rate of 11% per year. Year 1 2 Net Cash Flow, $ 4,000 -3,000 The external rate of return is 3 -4,000
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