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The Caffeine Coffee Company uses the modified internal rate of return The firm has a cost of capital of 12 percent The project being analyzed is as follows $34000 investment Use Appendix A and

The Caffeine Coffee Company uses the modified internal rate of return The firm has a cost of capital of 12 percent The project being analyzed is as follows $34000 investment Use Appendix A and

The Caffeine Coffee Company uses the modified internal rate of return. The firm has a cost of capital of 12 percent. The project being analyzed is as follows ($34,000 investment): Use Appendix A and Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Year Cash Flow
1 $ 18,000  
2   15,000  
3   12,000  
 

What is the modified internal rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

 
 
Internal rate of return   %
mahesh 13-Apr-2020

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