Problem $8-22$ MIRR $[$LO $5]$

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

Year Cash Flow

$0$$ $16,400$

$17,500$

$28,700$

$38,300$

$47,100$

$54,500$

The company uses an interest rate of $8$ percent on all of its projects. Calculate the MIRR of the project using all three methods.

Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Answer These:

Discounting Approach: $\%$

Reinvestment Approach: $\%$

Combination Approach: $\%$