Los Angeles Lumber Company (LALC) is considering a project with a cost of $1,000 at Time = 0 and inflows of $300 at the end of Years 1-5. LALC's cost of capital is 10%. What is the project's modified IRR (MIRR)?
A) 10.0%
B) 12.9%
C) 15.2%
D) 18.3%
E) 20.7%
B
Business
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