M company is evaluating a project with the following cash flows:

Year Cash flows

0 -35,000

1 12220

2 14,100

3 12,260

4 7,980

5 -6,240

The company uses a discount rate of 8% and a reinvestment rate of 6%.

A. What is the MIRR using the discounting approach?

B. What is the MIRR using the Reinvestment approach?

C. What is the MIRR using the combination approach?

D. What is the IRR?