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I cannot seem to get the correct answer for the combination approach. The first two are correct. Thank you! Problem 8-23 MIRR [LO 5] Doak

I cannot seem to get the correct answer for the combination approach. The first two are correct. Thank you! image text in transcribed

Problem 8-23 MIRR [LO 5] Doak Corp. is evaluating a project with the following cash flows. The company uses a discount rate of 10 percent and a reinvestment rate of 7 percent on all of its projects. Year O-NM 45 0 1 2 3 Cash Flow -$16,900 8,000 9,200 8,800 7,600 - 5,000 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.) Discounting approach Reinvestment approach Combination approach\ 24.72 % 15.65 % %

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