Wiley's Wire Products Is Considering a Project That Has the Following

Wiley's Wire Products is considering a project that has the following cash flow and cost of capital (r) data. What is the project's MIRR?Note that a project's MIRR can be less than the cost of capital (and even negative) , in which case it will be rejected. $\begin{array}{lcccc}&r=11.00 \%\\\text { Year } & 0 & 1 & 2 & 3 \\ \text { Cash flows } & -\$ 800 & \$ 350 & \$ 350 & \$ 350\end{array}$

A) 8.86%
B) 9.84%
C) 10.94%
D) 12.15%
E) 13.50%

Correct Answer:

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