A project costs $1,000 today and is expected to produce cash inflows o
A project costs $1,000 today and is expected to produce cash inflows of $800 at the end of each of the next two years. If the firm’s cost of capital is 10%, what is the modified internal rate of return? Round answer to the nearest whole percent.
A) 30%
B) 23%
C) 13%
D) 21%
E) 33%
ANSWER
A
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