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NEW QUESTION: 1
Review the following code.

What is the output?
A. (1,)
B. (256,)
C. (\x01#\x00)
D. (1,0)
Answer: B

NEW QUESTION: 2
Mooradian Corporation estimates that its cost of capital is 11 percent. The company is considering two mutually exclusive projects whose after-tax cash flows are as follows:
Year Project SProject L
0-$3,000 -$9,000
12,500-1,000
21,500 5,000
31,500 5,000
4-500 5,000
What is the modified internal rate of return (MIRR) of the project with the highest NPV?
A. 18.25%
B. 11.89%
C. 16.01%
D. 13.66%
E. 20.12%
Answer: E
Explanation:
Explanation/Reference:
Explanation:
Use cash flow registers to determine the NPV of each project:
NPV(S) = $1,237.11; NPV(L) = $1,106.82.
Since NPV(S) > NPV(L) we need to calculate MIRR(S).
Calculate the PV of cash outflows:
CF(0) = -3,000; CF(1-3) = 0; CF(4) = -500; I = 11. Solve for NPV = $3,329.37.
Calculate the TV of cash inflows:
First find the cumulative PV, then take forward as a lump sum to find the TV.
Solve for NPV = $4,566.47.
Calculate TV or FV: N = 4; I = 11; PV = -4,566.47; PMT = 0.
Solve for FV = $6,932.22.
Calculate MIRR: N = 4; PV = -3,329.37; PMT = 0; FV = 6,932.22.
Solve for MIRR = I = 20.12%.

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C. Study law
D. Business law
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