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Solo Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 -28,500 1 10,700 2 13,400 3 15,300 4 12,400 5

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

Year Cash Flow

0

-28,500
1 10,700
2 13,400
3 15,300
4 12,400
5 -8,900

The company uses an interest rate of 10 percent on all of its projects.

*Please show how to solve using excel*

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.)

*Please show how to solve using excel*

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