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Gross Corp. is evaluating a project with the following cash flows: Year 0 1 2 3 4 5 Cash Flow -$16,000 6,100 7,800 8,400 6,500

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Gross Corp. is evaluating a project with the following cash flows: Year 0 1 2 3 4 5 Cash Flow -$16,000 6,100 7,800 8,400 6,500 5,100 Requirement 1: The company uses an interest rate of 12 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 $ 2 NIL Alle MIRR

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