Solo Corp. is evaluating a project with the following cash flows: The company uses an interest rate of 9 percent on all of its projects. Calculate the MIRR of the project using all three methods.

Solo Corp. is evaluating a project with the following cash flows:

 

Year Cash Flow
0 –$29,800
1 12,000
2 14,700
3 16,600
4 13,700
5 –10,200

 

The company uses an interest rate of 9 percent on all of its projects. Calculate the MIRR of the project using all three methods.

 

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a. MIRR using the discounting approach.
19.99%

 

b. MIRR using the reinvestment approach.
15.19%

 

c. MIRR using the combination approach.
14.16