Discounting approach: In the discounting approach, we find the value of all cash outflows to Time 0 , while any cash inflows remain at the time at which they occur. So, discounting the cash outflows to Time 0 , we find: LO5 22. MIRR Duo Corp, is evaluating a project with the following cash flows: So, the MIRR using the discounting approach is: CF 2ND CLRWRK Reinvestment approach: In the reinvestment approach, we find the future value of all cash except the initial cash flow at the end of the project. So, reinvesting the cash flows to Time 5, we find: Compound all positive cash flows to t=5 Clear registers 2ND CLR TVM Clear registers 2ND CLR TVM Discounting approach: In the discounting approach, we find the value of all cash outflows to Time 0 , while any cash inflows remain at the time at which they occur. So, discounting the cash outflows to Time 0 , we find: LO5 22. MIRR Duo Corp, is evaluating a project with the following cash flows: So, the MIRR using the discounting approach is: CF 2ND CLRWRK Reinvestment approach: In the reinvestment approach, we find the future value of all cash except the initial cash flow at the end of the project. So, reinvesting the cash flows to Time 5, we find: Compound all positive cash flows to t=5 Clear registers 2ND CLR TVM Clear registers 2ND CLR TVM