Mittuch Corp is evaluating a project with the following cash flows. The company uses a discount rate of 12 percent and reinvestment rate of 9% on all its projects.

Year Cash flow

0 -16600.00

1 7700.00

2 8900.00

3 8500.00

4 7300.00

5 -4700.00

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

Discounting approach

Reinvestment approach

Combination approach