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Assume that a four-year project with an initial outlay of $450 million and a cost...

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Assume that a four-year project with an initial outlay of $450 million and a cost of capital of 8% will return $85 million in the first year, $80 million in the second year, $75 million in the third year, and $70 million. If the company borrow $450 million at 3% to fund the project, what is the MIRR for this project? * You need to show your calculation in your exam worksheet! 6% -4% 4% -6%

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