1. M Company is evaluating a project with the following cash flows. The company uses a discount rate of 8% and a reinvestment rate of 5% on all of its projects.

Year Cash Flow

0. -16,800
1. 7,900
2. 9,100
3. 8,700
4. 7,500
5. -4,900

Calculate the MIRR of the project using all three methods with the above interest rates.

1.Discounting Approach

2. Reinvestment approach

3. Combination Approach