Problem 13-11 MIRR (LG13-4) Compute the MIRR statistic for Project I if the appropriate cost of capital is 12 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project I Time: Cash flow: 1 2 3 4 -$11,600 $5,630 $4,480 $1,820 $2,300 MIRR % Should the project be accepted or rejected?

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Chapter11: The Cost Of Capital
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Problem 13-11 MIRR (LG13-4)
Compute the MIRR statistic for Project I if the appropriate cost of capital is 12 percent. (Do not round intermediate calculations and
round your final answer to 2 decimal places.)
Project I
Time:
Cash flow:
0
1
-$11,600 $5,630 $4,480
2
3
$1,820
4
$2,300
MIRR
%
ces
Should the project be accepted or rejected?
O rejected
accepted
Transcribed Image Text:Problem 13-11 MIRR (LG13-4) Compute the MIRR statistic for Project I if the appropriate cost of capital is 12 percent. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project I Time: Cash flow: 0 1 -$11,600 $5,630 $4,480 2 3 $1,820 4 $2,300 MIRR % ces Should the project be accepted or rejected? O rejected accepted
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