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Solo Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 $28,600 1 2 3 4 5 10,800 13,500 15,400 12,500

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Solo Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 $28,600 1 2 3 4 5 10,800 13,500 15,400 12,500 - 9,000 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.) X Answer is complete but not entirely correct. a. 18.62 X % b. Discounting approach MIRR Reinvestment approach MIRR Combination approach MIRR 14.03 % C. 13.02 %

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