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

Year Cash Flow

0 -$28,200

110,400

213,100

315,000

412,100

5-8,600

The company uses a discount rate of11 percent and areinvestment rate of8 percent on all of its projects.

A. Calculate the MIRR of the project using thediscounting approach

B. Calculate the MIRR of the project using thereinvestment approach.

C. Calculate the MIRR of the project using thecombination approach.