A project has an initial cost of $50,000. The incremental inflows associated with the project are $20,000 in year one, $15,000 i
n years two and three, and $10,000 in year four. All cash inflows are at the end of the year. The appropriate discount rate for this project is 11%. What is the project’s MIRR?
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The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.
- Let the number of bananas be B.
<u>Given the following data:</u>
- A dozen oranges = $3. 50
- Bananas = $0. 25
- Total cost = $5.75
<u>Note:</u> A dozen oranges is equal to 12 oranges.
To determine the number line that best represents the number of bananas Joey purchased:
First of all, we would calculate the number of bananas that Joey purchased:
B = 9 bananas.
<u>For the </u><u>number line</u><u>:</u>
The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.
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