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 (146.47 KiB) Viewed 12 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 2 -2,600 The external rate of return is % per year. The spreadsheet function is ✓ (Click to select) -7,000 =RATE(6,-16786,,25972) =RATE(6,,25972,-16786) =RATE(6,25972,,-16786) =RATE(6,,-16786,25972) 4 12,000 5 700 6 1,050