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CIMA Exam CIMAPRO19-P02-1 Topic 4 Question 26 Discussion

Actual exam question for CIMA's CIMAPRO19-P02-1 exam
Question #: 26
Topic #: 4
[All CIMAPRO19-P02-1 Questions]

The following cash flows are forecast for a potential investment project.

The cost of capital for the project is 12% per year and the company uses a straight line depreciation policy.

What is the modified internal rate of return (MIRR) of the project?

Give your answer to the nearest whole percentage.

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Suggested Answer: A

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