ex8-3

Mittuch Corp. is evaluating a project with the following cash flows. The company uses a discount rate of 11 percent and a reinvestment rate of 8 percent on all of its projects.

Year	Cash Flow
0		$	16,500
1			7,600
2			8,800
3			8,400
4			7,200
5			4,600

Calculate the MIRR of the project using all three methods with these interest rates. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

	MIRR
Discounting approach	%
Reinvestment approach	%
Combination approach	%