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

Year	Cash Flow
0		$	20,000
1			8,000
2			8,800
3			9,300
4			6,500
5			6,000

Requirement 1:

The company uses an interest rate of 9 percent on all of its projects. In the table below, show the modified cash flows and calculate the modified internal rate of return (MIRR) using the "combination" approach. (Do not round intermediate calculations. Negative amounts should be indicated with a minus sign. Round your answers to 2 decimal places (e.g., 32.16).)

Year	Combination Approach
0	$
1	$
2	$
3	$
4	$
5	$
MIRR	%