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Bateman Corp. is evaluating a project with the following cash flows: Year 0 -NM Cash Flow -$25,000 9,000 12,000 13,000 8,500 7,500 3 4 5

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Bateman Corp. is evaluating a project with the following cash flows: Year 0 -NM Cash Flow -$25,000 9,000 12,000 13,000 8,500 7,500 3 4 5 Requirement 1: The company uses an interest rate of 15 percent on all of its projects. In the table below, show the modified cash flows and calculate the modified internal rate of return (MIRR) using the "combination" approach. (Do not round intermediate calculations. Negative amounts should be indicated with a minus sign. Round your answers to 2 decimal places (e.g., 32.16).) Year Combination Approach 0 1 2 3 G C 4. 5 MIRR

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