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

Year Cash Flow

0 -$30,000

1 12,200

2 14,900

3 16,800

4 13,900

5 -10,400

The company uses a discount rate of12 percent and areinvestment rate of7 percent on all of its projects.

a.Calculate the MIRR of the project using thediscounting 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 thereinvestment 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 thecombination approach.(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)