Duo Corporation is evaluating a project with the following cash flows:

Year Cash flow

$0-30,000$

$112,200$

$214,900$

$316,800$

$413,900$

$5-10,400$

The company uses a discount rate of $12$ percent and a reinvestment rate of $7$ percent on all of its projects.

Calculate the MIRR of the project using the discounting approach

Calculate the MIRR of the project using the combination approach