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Solo Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 $ 4 7 , 0 0 0 1 1 6

Solo Corp. is evaluating a project with the following cash flows:
Year Cash Flow
0$ 47,000
116,900
220,300
325,800
419,600
59,500
The company uses a discount rate of 11 percent on all of its projects.
Calculate the MIRR of the project using the combination approach. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.) Your answer will be a percent.

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