Harley worked for many years to save enough money to start his own residential landscape design business. The net cash f

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Harley Worked For Many Years To Save Enough Money To Start His Own Residential Landscape Design Business The Net Cash F 1 (78.4 KiB) Viewed 21 times

Harley worked for many years to save enough money to start his own residential landscape design business. The net cash flows shown are those he recorded for the first 6 years as his own boss. Find the external rate of return using the modified rate of return approach with a reinvestment rate of 15% per year and a borrowing rate of 8%. Additionally, after using the procedure, use the MIRR function to confirm your answer. Year 0 1 NCF. $ -9,000 4,100 The external rate of return is The spreadsheet function is 2 -4,100 3 -7,000 % per year. ******* (Click to select) (Click to select) =RATE(6,-18072,,26022) =RATE(6,,-18072,26022) =RATE(6,26022,,-18072) =RATE(6,,26022,-18072) 4 5 12,000 700 6 1,100