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

4. Ascoli Company is considering a project with the following cash flows. Cash flows in parentheses denote negative cash flows. Year Cash Flow in $ 2 3 4 5 4,200 4,400 2,00 1,200 1,500 Ascoli Company's WACC is 12.00 percent. What is the project's payback, discounted payback, NPV, and MIRR? (4 points)