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Solo Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 -$29,800 1 $12,000 2 $14,700 3 $16,600 4 $13,700 5

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

Year Cash Flow
0 -$29,800
1 $12,000
2 $14,700
3 $16,600
4 $13,700
5 -$10,200

The company uses a discount rate of 13 percent and a reinvestment rate of 6 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.)

I've gotten 17.68 and 13.25 - both are incorrect.

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