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You have been asked to calculate the MIRR (modified internal rate of return) of the...

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You have been asked to calculate the MIRR (modified internal rate of return) of the following project. The project has a cost of $2,100,000. The project has an expected cash flow of $950,000 in year 1 , an expected cash flow of $650,000 in year 2 , an expected cash flow of $700,000 in year 3 and an expected cash flow of $850,000 in year 4. The required rate of return is 8% compounded annually. The reinvestment rate is 8% compounded annually. What is the MIRR

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