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

Year Cash Flow

0 –$ 29,100

1 11,300

2 14,000

3 15,900

4 13,000

5 – 9,500

The company uses an interest rate of 8 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, e.g., 32.16.)

b. Calculate the MIRR of the project using the reinvestment approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

c. Calculate the MIRR of the project using the combination approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)