Doak Corp. is evaluating a project with the following cash flows:

Year 0 Cash flow -$36.200,

Year 1 Cash Flow 11.520,

Year 2 Cash Flow 14.670,

Year 3 Cash Flow 11.270,

Year 4 Cash Flow 10.940,

Year 5 Cash Flow -4.830.

The company uses an interest rate of 11 percent on all of its projects.

Calculate the MIRR of the project using the:

Discounting approach

Reinvestment approach

Combination approach