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Duo Corporation is evaluating a project with the following cash flows: Year Cash Flow 0 -$ 28,700 123 10,900 2 13,600 3 15,500 4

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Duo Corporation is evaluating a project with the following cash flows: Year Cash Flow 0 -$ 28,700 123 10,900 2 13,600 3 15,500 4 5 12,600 -9,100 The company uses a discount rate of 12 percent and a reinvestment rate of 7 percent on all of its projects. a. Calculate the MIRR of the project using the discounting approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. Calculate the MIRR of the project using the reinvestment approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. Calculate the MIRR of the project using the combination approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Discounting approach MIRR b. Reinvestment approach MIRR c. Combination approach MIRR 12.92 % do do do % %

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