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Slow Ride Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 $13,200 1 6,100 2 6,700 3 6,200 4 5,100

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

Year Cash Flow
0 $13,200
1 6,100
2 6,700
3 6,200
4 5,100
5 4,500

The company uses a 11 percent discount rate and an 9 percent reinvestment rate on all of its projects. Calculate the MIRR of the project using all three methods using these interest rates.

Required:
(a) MIRR using the discounting approach.(Do not round your intermediate calculations.)
(Click to select)19.7%20.69%20.09%18.85%18.72%

(b) MIRR using the reinvestment approach.(Do not round your intermediate calculations.)
(Click to select)14.56%15.58%13.56%14.27%14.98%

(c) MIRR using the combination approach.(Do not round your intermediate calculations.)
(Click to select)14.49%14.01%14.43%13.05%13.74%

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