Evaluating a project with the following cash flows:

Year	Cash Flow
0	$	28,600
1		10,800
2		13,500
3		15,400
4		12,500
5		9,000

The company uses a discount rate of 13 percent and a reinvestment rate of 6 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 = 12.47%