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

YearCash Flow

0$28,700

1 10,900

2 13,600

3 15,500

4 12,600

5 9,100

The company uses a discount rate of 12 percent and a reinvestment rate of 7 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.