Calculate the project's MIRR. (Round to the nearest whole percentage.)
Manheim Candles is considering a project with the following incremental cash flows. Assume a discount rate of 10%.
Year Cash Flow
0 ($20,000)
1 0
2 $30,000
3 $30,000
A) 31%
B) 47%
C) 53%
D) 61%
Answer: B
Business
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