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Year Cash Flow 0 -$28,300 2 1 10,500 2 13,200 3 15,100 4 12,200 5 -8,700 800.5226 The company uses an interest rate of

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Year Cash Flow 0 -$28,300 2 1 10,500 2 13,200 3 15,100 4 12,200 5 -8,700 800.5226 The company uses an interest rate of 9 percent on all of its projects. Calculate the MIRR of the project using all three methods. a. MIRR using the discounting approach. Discounting approach MIRR 18.75% 18.40% 16.97% 17.32% 17.86% b. MIRR using the reinvestment approach. Reinvestment approach MIRR 14.69% 14.41% 13.29% 13.57% 13.99% c. MIRR using the combination approach. Combination approach MIRR 13.87% 13.61% 12.55% 12.81% 13.21%

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