12.

Solo Corporation is evaluating a project with the following cash flows:

Year	Cash Flow
0	$ 29,900
1	12,100
2	14,800
3	16,700
4	13,800
5	10,300

The company uses an interest rate of 10 percent on all of its projects. Calculate the MIRR of the project using all three methods.

a. MIRR using the discounting approach.

A. 21.57%. B. 21.16%. C. 19.51%. D. 19.92%. E. 20.54%

b. MIRR using the reinvestment approach.

A. 16.68%. B. 16.37 %. C. 15.10%. D. 15.41%. E. 15.89%

c. MIRR using the combination approach.

A. 15.69%. B. 15.39%. C. 14.19%. D. 14.49%. E. 14.94%