The Martian Corporation, a space vehicle
Chapter 7, Problem 7.42(choose chapter or problem)
The Martian Corporation, a space vehicle developmentcompany, is starting a new division that willdevelop the next generation launch missile engineconfiguration. Use a hand application of the MIRRmethod to determine the EROR for the estimatednet cash flows (in $1000 units) of $50,000 in year0, $+15,000 in years 1 through 6, and $8000 inyear 7. Assume a borrowing rate of 12% and aninvestment rate of 25% per year. Also, write theMIRR function to obtain i.
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