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Doak Corp. is evaluating a project with the following cash flows. The company uses a discount rate of 11 percent and a reinvestment rate of

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Doak Corp. is evaluating a project with the following cash flows. The company uses a discount rate of 11 percent and a reinvestment rate of 8 percent on all of its projects. Year U AWN-O 2 3 4 5 Cash Flow -$16,000 7,100 8,300 7,900 6,700 - 4,100 Calculate the MIRR of the project using all three methods with these interest rates. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 22.66% Discounting approach Reinvestment approach Combination approach 16.46% 15.65%

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