For the nonconventional net cash flow shown, determinethe
Chapter 7, Problem 7.41(choose chapter or problem)
For the nonconventional net cash flow shown, determinethe external rate of return using the MIRRmethod at a borrowing rate of 10% per year and aninvestment rate of (a) 15% per year, and (b) 30%per year. (Note: See 7.60 for a thoroughspreadsheet-based analysis of this series.)Year 0 1 2 3Net Cash Flow, $ 7000 +3000 +15,000 5000
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