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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
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 an interest rate of 9 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.) |
PLEASE USE EXCEL AND SHOW FORMULAS
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