Calculate the mirr of project using the discounting approach

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

Year             Cash Flow

0                -$28,200

1                    10,400

2                     13,100

3                      15,000

4                       12,100

5                          -8,600

Problem 1: The company uses an interest rate of 10 percent on all of its projects. Calculate the MIRR of the project using the discounting approach. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM132646983

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