Chamberlain corp. is evaluating a project with the following cash flows:
0, -15900
1, 7930
2, 9490
3, 8970
4, 7210
5, -3580
The company uses an interest rate of 12 percent of its project. Calculate the MIRR of the project using all three methods.
- Discounting approach
- reinvestment approach
- combination approach.