Duo Corporation is evaluating a project with the following cash flows:

Year    Cash flow

$0 \; \; \; -30,000$

$1\mathrm{ \; \; \; \; \; 1}2,200$

$2\mathrm{ \; \; \; \; \; 1}4,900$

$3\mathrm{ \; \; \; \; \; 1}6,800$

$4\mathrm{ \; \; \; \; \; 1}3,900$

$5 \; \; \; \; -10,400$

The company uses a discount rate of $12$ percent and a reinvestment rate of $7$ percent on all of its projects.

Calculate the MIRR of the project using the discounting approach

Calculate the MIRR of the project using the combination approach