MIRR

Slow Ride Corp. is evaluating a project with the following cash flows:

Year Cash Flow

0 -29,000

1 11,000

2 13,900

3 15,000

4 12,900

5 -9,400

The company uses a 10 percent interest rate on all of its projects. Calculate the MIRR of the project using all three methods. (Discount Approach, Reinvestment Approach, Combination Approach)