Duo Corporation is evaluating a project with the following cash flows:
Year Cash Flow
0 -$ 16,900
1 8,000
2 9,200
3 8,800
4 7,600
5 -5,000
The company uses an interest rate of 8 percent on all of its projects. Calculate the MIRR of the project using all three methods.
Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.
Discounting approach 15.76 %
Reinvestment approach 15.76 %
Combination approach 15.76 %