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Solo Corp. is evaluating a project with the following cash flows: Year 0 Cash Flow $ 29,100 Year 1 Cash Flow $11,300 Year 2 Cash

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

Year 0 Cash Flow $ 29,100

Year 1 Cash Flow $11,300

Year 2 Cash Flow $14,000

Year 3 Cash Flow $15,900

Year 4 Cash Flow $13,000

Year 5 Cash Flow $ 9,500

The company uses an interest rate of 8 percent on all of its projects.

a. Calculate the MIRR of the project using the discounting approach.

b. Calculate the MIRR of the project using the reinvestment approach.

c. Calculate the MIRR of the project using the combination approach.

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