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Solo Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 $ 28,300 1 10,500 2 13,200 3 15,100 4 12,200

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

Year Cash Flow
0 $ 28,300
1 10,500
2 13,200
3 15,100
4 12,200
5 8,700
The company uses a discount rate of13 percent and areinvestment rate of6 percent on all of its projects.
Calculate the MIRR of the project using thecombination approach.

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