Problem 9-20 MIRR [LO6]

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

Year	Cash Flow
0	$	29,800
1		12,000
2		14,700
3		16,600
4		13,700
5		10,200

The company uses a discount rate of 13 percent and a reinvestment rate of 6 percent on all of its projects.

a.	Calculate the MIRR of the project using the discounting approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b.	Calculate the MIRR of the project using the reinvestment approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
c.	Calculate the MIRR of the project using the combination approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)