Determine the eror for the estimated net cash flows

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Question: The Martian Corporation, a space vehicle development company, is starting a new division that will develop the next-generation launch missile engine configuration. Use a hand application of the MIRR method to determine the EROR for the estimated net cash flows (in $1000 units) of $-48,000 in year 0, $15,000 in years 1 through 7, and $-2,000 in year 8. Assume a borrowing rate of 12% and an investment rate of 28% per year. The external rate of return is %.

Reference no: EM132200237

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