Edelman Electric Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected.
Year: 0 1 2 3
Cash Flows: -$800 $350 $350 $350
The solution explains how to calculate the project MIRR