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7)Doak Corp. is evaluating a project with the following cash flows: year 0-$16,000 ; year 1 $7,100 ; year 2 $8,300 ; year 3 $7,900
7)Doak Corp. is evaluating a project with the following cash flows: year 0-$16,000 ; year 1 $7,100 ; year 2 $8,300 ; year 3 $7,900 ; year 4 $6,700 ; year 5-$4,100.The company uses an interest rate of 10% on all of its projects. Calculate the MIRR of the project using all three methods. Discounting approach? Reinvestment approach? Combination approach? Please use excel and explain conclusion.
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