Winston Clinic is evaluating a project that costs $52,125 and has expected net cash inflows of $12,000 per year for eight years.

Winston Clinic is evaluating a project that costs $52,125 and has expected net cash inflows of $12,000 per year for eight years. The first inflow occurs one year after the cost outflow, and the project has a cost of capital of 12 percent.1. What is the project’s NPV? It’s IRR? It’s MIRR?

Year Cash flows012345678 -$52,125$12,000$12,000$12,000$12,000$12,000$12,000$12,000$12,000 IRR = 16.00% MIRR = 13.89%