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Martingale Corporation is considering a project that requires an...

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Martingale Corporation is considering a project that requires an...

Martingale Corporation is considering a project that requires an initial investment of $5,000 in Year 0. The project is also expected to have a "net cost" of $5,000 in Year 1. It will then provide a positive annual cash inflow of $7,500 in both Year 2 and in Year 3. The firm's required return for this project is 12%. What is the project's modified internal rate of return (MIRR)

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<p><span class="eqneditor-formula" data-value="\mathbf{MIRR=18.88\%}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:.80556em;vertical-align:-.05556em;"></span><span class="mord"><span class="mord mathbf">s</span><span class="mord mathbf">s</span><span class="mord mathbf">s</span><span class="mord mathbf">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord mathbf">s</span><span class="mord mathbf">s</span><span class="mord mathbf">s</span><span class="mord mathbf">s</span><span class="mord mathbf">s</span><span class="mord mathbf">s</span></span></span></span></span></span></p>
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<p>sectetur adipiscing</p><p><span class="eqneditor-formula" data-value="\mathrm{MIRR=\left (\frac{FV\ of\ +\ cashflows}{PV\ of -\ cashflows} \right )^{1/n}-1}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:1.5613389999999998em;vertical-align:-.403331em;"></span><span class="mord"><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="minner"><span class="minner"><span class="mopen delimcenter" style="top:0em;"><span class="delimsizing size1">s</span></span><span class="mord"><span class="mopen nulldelimiter"></span><span class="mfrac"><span class="vlist-t vlist-t2"><span class="vlist-r"><span class="vlist" style="height:.8801079999999999em;"><span style="top:-2.655em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.01389em;">s</span><span class="mspace mtight"><span class="mtight"> </span></span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.07778em;">s</span><span class="mbin mtight">sec</span><span class="mspace mtight"><span class="mtight"> </span></span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.07778em;">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.01389em;">s</span><span class="mord mathrm mtight">s</span></span></span></span><span style="top:-3.23em;"><span class="pstrut" style="height:3em;"></span><span class="frac-line" style="border-bottom-width:.04em;"></span></span><span style="top:-3.394em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.01389em;">s</span><span class="mspace mtight"><span class="mtight"> </span></span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.07778em;">s</span><span class="mspace mtight"><span class="mtight"> </span></span><span class="mbin mtight">s</span><span class="mspace mtight"><span class="mtight"> </span></span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.07778em;">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.01389em;">s</span><span class="mord mathrm mtight">s</span></span></span></span></span><span class="vlist-s">sec</span></span><span class="vlist-r"><span class="vlist" style="height:.403331em;"><span></span></span></span></span></span><span class="mclose nulldelimiter"></span></span><span class="mclose delimcenter" style="top:0em;"><span class="delimsizing size1">s</span></span></span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:1.158008em;"><span style="top:-3.333008em;margin-right:.05em;"><span class="pstrut" style="height:2.7em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span></span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">sec</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span></span></span></span></span></span></p><p> </p><p><strong>sectetur adipiscing elit. Nam lacinia pulvinar tortor ne</strong></p><p><span class="eqneditor-formula" data-value="\mathrm{FV=CF2*(1+r)^{n-2}+CF2*(1+r)^{n-3}}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:1.064108em;vertical-align:-.25em;"></span><span class="mord"><span class="mord mathrm">s</span><span class="mord mathrm" style="margin-right:.01389em;">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">sec</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mopen">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span><span class="mclose"><span class="mclose">s</span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:.8141079999999999em;"><span style="top:-3.063em;margin-right:.05em;"><span class="pstrut" style="height:2.7em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mbin mtight">sec</span><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span></span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">sec</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mopen">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span><span class="mclose"><span class="mclose">s</span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:.8141079999999999em;"><span style="top:-3.063em;margin-right:.05em;"><span class="pstrut" style="height:2.7em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mbin mtight">sec</span><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span></span></span></span></span></span></span></p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathrm{=7500*(1+12\%)^{3-2}+7500*(1+12\%)^{3-3}}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:1.064108em;vertical-align:-.25em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">sec</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mopen">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mclose"><span class="mclose">s</span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:.8141079999999999em;"><span style="top:-3.063em;margin-right:.05em;"><span class="pstrut" style="height:2.7em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mbin mtight">sec</span><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span></span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">sec</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mopen">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mclose"><span class="mclose">s</span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:.8141079999999999em;"><span style="top:-3.063em;margin-right:.05em;"><span class="pstrut" style="height:2.7em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mbin mtight">sec</span><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span></span></span></span></span></span></span></p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathrm{=7500*(1+12\%)^1+7500*(1+12\%)^0}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:1.064108em;vertical-align:-.25em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">sec</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mopen">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mclose"><span class="mclose">s</span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:.8141079999999999em;"><span style="top:-3.063em;margin-right:.05em;"><span class="pstrut" style="height:2.7em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">sec</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mopen">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mclose"><span class="mclose">s</span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:.8141079999999999em;"><span style="top:-3.063em;margin-right:.05em;"><span class="pstrut" style="height:2.7em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span></span></span></span></span></span></p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathrm{=7500*1.12+7500*1}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:.72777em;vertical-align:-.08333em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">sec</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">sec</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span></span></span></span></span></span></p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathrm{=8400+7500}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:.72777em;vertical-align:-.08333em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span></span></span></span></span></span></p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathrm{=15900}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:.64444em;vertical-align:0em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span></span></span></span></span></span></p><p style="margin-left:40px;"> </p><p><strong>sectetur adipiscing elit. Nam lacinia pulvinar</strong></p><p><span class="eqneditor-formula" data-value="\mathrm{PV= \frac{CF0}{(1+r)^0}+\frac{CF1}{(1+r)^1}}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:1.392331em;vertical-align:-.52em;"></span><span class="mord"><span class="mord mathrm">s</span><span class="mord mathrm" style="margin-right:.01389em;">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord"><span class="mopen nulldelimiter"></span><span class="mfrac"><span class="vlist-t vlist-t2"><span class="vlist-r"><span class="vlist" style="height:.872331em;"><span style="top:-2.655em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mopen mtight">s</span><span class="mord mathrm mtight">s</span><span class="mbin mtight">s</span><span class="mord mathrm mtight">s</span><span class="mclose mtight"><span class="mclose mtight">s</span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:.7463142857142857em;"><span style="top:-2.786em;margin-right:.07142857142857144em;"><span class="pstrut" style="height:2.5em;"></span><span class="sizing reset-size3 size1 mtight"><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span></span></span></span><span style="top:-3.23em;"><span class="pstrut" style="height:3em;"></span><span class="frac-line" style="border-bottom-width:.04em;"></span></span><span style="top:-3.394em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span></span></span></span></span><span class="vlist-s">sec</span></span><span class="vlist-r"><span class="vlist" style="height:.52em;"><span></span></span></span></span></span><span class="mclose nulldelimiter"></span></span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord"><span class="mopen nulldelimiter"></span><span class="mfrac"><span class="vlist-t vlist-t2"><span class="vlist-r"><span class="vlist" style="height:.872331em;"><span style="top:-2.655em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mopen mtight">s</span><span class="mord mathrm mtight">s</span><span class="mbin mtight">s</span><span class="mord mathrm mtight">s</span><span class="mclose mtight"><span class="mclose mtight">s</span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:.7463142857142857em;"><span style="top:-2.786em;margin-right:.07142857142857144em;"><span class="pstrut" style="height:2.5em;"></span><span class="sizing reset-size3 size1 mtight"><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span></span></span></span><span style="top:-3.23em;"><span class="pstrut" style="height:3em;"></span><span class="frac-line" style="border-bottom-width:.04em;"></span></span><span style="top:-3.394em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span></span></span></span></span><span class="vlist-s">sec</span></span><span class="vlist-r"><span class="vlist" style="height:.52em;"><span></span></span></span></span></span><span class="mclose nulldelimiter"></span></span></span></span></span></span></span></p><p> </p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathrm{= \frac{5000}{(1+12\%)^0}+\frac{5000}{(1+12\%)^1}}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:1.365108em;vertical-align:-.52em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord"><span class="mopen nulldelimiter"></span><span class="mfrac"><span class="vlist-t vlist-t2"><span class="vlist-r"><span class="vlist" style="height:.845108em;"><span style="top:-2.655em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mopen mtight">s</span><span class="mord mathrm mtight">s</span><span class="mbin mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mclose mtight"><span class="mclose mtight">s</span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:.7463142857142857em;"><span style="top:-2.786em;margin-right:.07142857142857144em;"><span class="pstrut" style="height:2.5em;"></span><span class="sizing reset-size3 size1 mtight"><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span></span></span></span><span style="top:-3.23em;"><span class="pstrut" style="height:3em;"></span><span class="frac-line" style="border-bottom-width:.04em;"></span></span><span style="top:-3.394em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span></span></span></span></span><span class="vlist-s">sec</span></span><span class="vlist-r"><span class="vlist" style="height:.52em;"><span></span></span></span></span></span><span class="mclose nulldelimiter"></span></span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord"><span class="mopen nulldelimiter"></span><span class="mfrac"><span class="vlist-t vlist-t2"><span class="vlist-r"><span class="vlist" style="height:.845108em;"><span style="top:-2.655em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mopen mtight">s</span><span class="mord mathrm mtight">s</span><span class="mbin mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mclose mtight"><span class="mclose mtight">s</span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:.7463142857142857em;"><span style="top:-2.786em;margin-right:.07142857142857144em;"><span class="pstrut" style="height:2.5em;"></span><span class="sizing reset-size3 size1 mtight"><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span></span></span></span><span style="top:-3.23em;"><span class="pstrut" style="height:3em;"></span><span class="frac-line" style="border-bottom-width:.04em;"></span></span><span style="top:-3.394em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span></span></span></span></span><span class="vlist-s">sec</span></span><span class="vlist-r"><span class="vlist" style="height:.52em;"><span></span></span></span></span></span><span class="mclose nulldelimiter"></span></span></span></span></span></span></span></p><p style="margin-left:40px;"> </p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathrm{= \frac{5000}{1}+\frac{5000}{1.12}}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:1.190108em;vertical-align:-.345em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord"><span class="mopen nulldelimiter"></span><span class="mfrac"><span class="vlist-t vlist-t2"><span class="vlist-r"><span class="vlist" style="height:.845108em;"><span style="top:-2.6550000000000002em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span></span></span></span><span style="top:-3.23em;"><span class="pstrut" style="height:3em;"></span><span class="frac-line" style="border-bottom-width:.04em;"></span></span><span style="top:-3.394em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span></span></span></span></span><span class="vlist-s">sec</span></span><span class="vlist-r"><span class="vlist" style="height:.345em;"><span></span></span></span></span></span><span class="mclose nulldelimiter"></span></span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord"><span class="mopen nulldelimiter"></span><span class="mfrac"><span class="vlist-t vlist-t2"><span class="vlist-r"><span class="vlist" style="height:.845108em;"><span style="top:-2.6550000000000002em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span></span></span></span><span style="top:-3.23em;"><span class="pstrut" style="height:3em;"></span><span class="frac-line" style="border-bottom-width:.04em;"></span></span><span style="top:-3.394em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span></span></span></span></span><span class="vlist-s">sec</span></span><span class="vlist-r"><span class="vlist" style="height:.345em;"><span></span></span></span></span></span><span class="mclose nulldelimiter"></span></span></span></span></span></span></span></p><p style="margin-left:40px;"> </p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathrm{= 5000+4464285714}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:.72777em;vertical-align:-.08333em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span></span></span></span></span></span></p><p style="margin-left:40px;"> </p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathrm{= 9464.285714}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:.64444em;vertical-align:0em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span></span></span></span></span></span></p><p style="margin-left:40px;"> </p><p style="margin-left:40px;"> </p><p><strong>sectetur adipiscing</strong></p><p><span class="eqneditor-formula" data-value="\mathrm{MIRR=\left (\frac{FV\ of\ +\ cashflows}{PV\ of -\ cashflows} \right )^{1/n}-1}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:1.5613389999999998em;vertical-align:-.403331em;"></span><span class="mord"><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="minner"><span class="minner"><span class="mopen delimcenter" style="top:0em;"><span class="delimsizing size1">s</span></span><span class="mord"><span class="mopen nulldelimiter"></span><span class="mfrac"><span class="vlist-t vlist-t2"><span class="vlist-r"><span class="vlist" style="height:.8801079999999999em;"><span style="top:-2.655em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.01389em;">s</span><span class="mspace mtight"><span class="mtight"> </span></span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.07778em;">s</span><span class="mbin mtight">sec</span><span class="mspace mtight"><span class="mtight"> </span></span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.07778em;">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.01389em;">s</span><span class="mord mathrm mtight">s</span></span></span></span><span style="top:-3.23em;"><span class="pstrut" style="height:3em;"></span><span class="frac-line" style="border-bottom-width:.04em;"></span></span><span style="top:-3.394em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.01389em;">s</span><span class="mspace mtight"><span class="mtight"> </span></span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.07778em;">s</span><span class="mspace mtight"><span class="mtight"> </span></span><span class="mbin mtight">s</span><span class="mspace mtight"><span class="mtight"> </span></span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.07778em;">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight" style="margin-right:.01389em;">s</span><span class="mord mathrm mtight">s</span></span></span></span></span><span class="vlist-s">sec</span></span><span class="vlist-r"><span class="vlist" style="height:.403331em;"><span></span></span></span></span></span><span class="mclose nulldelimiter"></span></span><span class="mclose delimcenter" style="top:0em;"><span class="delimsizing size1">s</span></span></span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:1.158008em;"><span style="top:-3.333008em;margin-right:.05em;"><span class="pstrut" style="height:2.7em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span></span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">sec</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span></span></span></span></span></span></p><p> </p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathrm{= \left (\frac{15900}{9464.285714 } \right )^{1/3}-1}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:1.4779099999999998em;vertical-align:-.35001em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="minner"><span class="minner"><span class="mopen delimcenter" style="top:0em;"><span class="delimsizing size1">s</span></span><span class="mord"><span class="mopen nulldelimiter"></span><span class="mfrac"><span class="vlist-t vlist-t2"><span class="vlist-r"><span class="vlist" style="height:.845108em;"><span style="top:-2.6550000000000002em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span></span></span></span><span style="top:-3.23em;"><span class="pstrut" style="height:3em;"></span><span class="frac-line" style="border-bottom-width:.04em;"></span></span><span style="top:-3.394em;"><span class="pstrut" style="height:3em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span></span></span></span></span><span class="vlist-s">sec</span></span><span class="vlist-r"><span class="vlist" style="height:.345em;"><span></span></span></span></span></span><span class="mclose nulldelimiter"></span></span><span class="mclose delimcenter" style="top:0em;"><span class="delimsizing size1">s</span></span></span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:1.1279em;"><span style="top:-3.3029em;margin-right:.05em;"><span class="pstrut" style="height:2.7em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span></span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">sec</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span></span></span></span></span></span></p><p style="margin-left:40px;"> </p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathrm{= \left (1.68 \right )^{1/3}-1}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:1.2779em;vertical-align:-.25em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="minner"><span class="minner"><span class="mopen delimcenter" style="top:0em;">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mclose delimcenter" style="top:0em;">s</span></span><span class="msupsub"><span class="vlist-t"><span class="vlist-r"><span class="vlist" style="height:1.0279em;"><span style="top:-3.2029em;margin-right:.05em;"><span class="pstrut" style="height:2.7em;"></span><span class="sizing reset-size6 size3 mtight"><span class="mord mtight"><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span><span class="mord mathrm mtight">s</span></span></span></span></span></span></span></span></span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">sec</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span></span></span></span></span></span></p><p style="margin-left:40px;"> </p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathrm{=1.188784391-1}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:.72777em;vertical-align:-.08333em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mbin">sec</span><span class="mspace" style="margin-right:.2222222222222222em;"></span><span class="mord mathrm">s</span></span></span></span></span></span></p><p style="margin-left:40px;"> </p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathrm{=0.188784391}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:.64444em;vertical-align:0em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span><span class="mord mathrm">s</span></span></span></span></span></span></p><p style="margin-left:40px;"> </p><p style="margin-left:40px;"><span class="eqneditor-formula" data-value="\mathbf{=18.88\%}"><span class="katex"><span class="katex-mathml"></span><span class="katex-html"><span class="base"><span class="strut" style="height:.80556em;vertical-align:-.05556em;"></span><span class="mord"><span class="mrel">s</span><span class="mspace" style="margin-right:.2777777777777778em;"></span><span class="mord mathbf">s</span><span class="mord mathbf">s</span><span class="mord mathbf">s</span><span class="mord mathbf">s</span><span class="mord mathbf">s</span><span class="mord mathbf">s</span></span></span></span></span></span></p><p style="margin-left:40px;"> </p><p style="margin-left:40px;"> </p><p style="margin-left:40px;"> </p><p style="margin-left:40px;"> </p><p style="margin-left:40px;"> </p><p>sectetur adipiscing elit. Nam lacinia pulvinar tor</p><figure class="table"><table><tbody><tr><td><p><strong>sectetur ad</strong></p><figure class="image"><img src="/qa/attachment/27336158/" alt="27336158"/></figure></td><td> </td><td><p><strong>sectetu</strong></p><figure class="image"><img src="/qa/attachment/27336162/" alt="27336162"/></figure></td></tr></tbody></table></figure>
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