MIRR of the project using the combination approach

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RAK Corp. is evaluating a project with the following cash flows: Year Cash Flow 0 –$ 28,700 1 10,900 2 13,600 3 15,500 4 12,600 5 – 9,100 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. 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. 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. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM131088350

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