A corporation is evaluating a project with the following cash flows:

Year 0: -28700

Year 1: 10900

Year 2: 13600

Year 3: 15500

Year 4: 12600:

Year 5: -9100

The company uses a discount rate of 12% and a reinvestment rate of 7% on its project:

a) Calculate MIRR using the discounting approach.

b) Calculate MIRR using the reinvestment approach

c) Calculate MIRR using the combination approach.