Please describe in your own words, in three lines, the approach you take to find MIRR. No credit is given without the explanation.

1. Suppose an investment opportunity provides $2,500 cash flow at the end of first year, $3,000 at the end of second year, $4,500 at the end of third year, $6,000 at the end of forth year, and $5,500 at the end of fifth year What is the total present value of these cash flows a rate of 1 1 .0%? What is the total future value of these cashflows a rate of 1 1.0%? a) b)