Using the BA II Plus to Compute the Modified Internal Rate of Return
(leave out the initial outlay) using the calculator's NPV function. Use the 10% cost of capital rate as your discount rate (I) to find the present value. 2. Calculate the future value as of the end of the project life of the present value from step 1. The interest rate that you will use to find the future value is the reinvestment rate. 3. ................
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