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Slow Ride Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 $28,700 1 10,900 2 13,600 3 15,500 4 12,600

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

Year Cash Flow
0 $28,700
1 10,900
2 13,600
3 15,500
4 12,600
5 9,100

The company uses a 8 percent interest rate on all of its projects. Calculate the MIRR of the project using all three methods.

Required:
(a) MIRR using the discounting approach.(Do not round your intermediate calculations.)
(Click to select)17.16%17.52%18.06%18.96%18.6%

(b) MIRR using the reinvestment approach. (Do not round your intermediate calculations.)
(Click to select)14.4%13.71%13.3%14.12%13.02%

(c) MIRR using the combination approach. (Do not round your intermediate calculations.)
(Click to select)12.39%12.13%12.77%13.15%13.41%

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