7
Duo Corporation is evaluating a project with the following cash flows:
Year
Cash Flow
0
\$-28,100
1
10,300
2
13,000
3
14,900
4
12,000
5
-8,500
The company uses an interest rate of 8 percent on all of its projects.
Calculate the MIRR of the project using the discounting approach. (Do not round
intermediate calculations and enter your answer as a percent rounded to 2 decimal
places, e.g., 32.16.)
MIRR
%