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Riviere Co December 2014_MIRR

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Riviere Co December 2014_MIRR

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.
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  • February 27, 2018 at 2:17 pm #439214
    sss111
    Member
    • Topics: 37
    • Replies: 5
    • ☆

    Hi,

    When calculating the Present value of return phase in MIRR, why is the answer when discounting all the cash inflows at 10% (i.e 11 188) different from $14133? Why can’t we take $11 188 for calculation of MIRR?

    Thank you.

    February 27, 2018 at 3:00 pm #439235
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    I have no idea where you are getting 11,188 from. If you discount the cash flows given in the question at 10% it does come to a present value of 14,133.

    (given that the question does give the NPV as 2,293, and we know that the initial cost is 11,840, then it is quicker to do what the examiner has done and get the PV of the flows as 11,840 + 2,293 = 14,133, but there is no problem discounting them in the normal way. Check again, because the PV does come to 14,133 🙂 )

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