Duo Corporation is evaluating a project with the following cash flows. The company uses a discount rate of 8 percent and a reinvestment rate of 5 percent on all of its projects.
Year
Cash Flow
0
-$ 15,800
1
6,900
2
8,100
3
7,700
4
6,500
5
-3,900
Calculate the MIRR of the project using all three methods with these interest rates.
Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.
Discounting approach
Reinvestment approach
Combination approach
%
%
%