Duo Corporation is evaluating a project with the following cash flows:

Year CashFlow

0 $ 28,400

1 10,600

2 13,300

3 15,200

4 12,300

5 8,800

The company uses a discount rate of 11 percent and a reinvestment rate of 8 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.)