This is a very nice paper and reads very well. Thank you for another job well done!
Based on cash flows shown in the chart below, compute the IRR and MIRR for Project Erie. Suppose that the appropriate cost of capital is 12 percent. Advise the organization about whether it should accept or reject the project.
Time 0 1 2 3 4 5
Cash Flow $12,000 $2,360 $4,390 $1,520 $980 $1,250
Please show work.
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