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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Harley worked for many years to save enough money to start his own residential landscape design business. The cash flows shown are those he recorded for the first 6 years as his own boss. Find the external rate of return using the modified rate of return approach, an investment rate of 15% per year, and a borrowing rate of 8%. (After using the procedure, use the MIRR function to confirm your answer.)

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