Slow Ride Corp. is evaluating a project with the following cash flows:
| Year |
Cash Flow |
| 0 |
-$ |
29,000 |
|
| 1 |
|
11,200 |
|
| 2 |
|
13,900 |
|
| 3 |
|
15,800 |
|
| 4 |
|
12,900 |
|
| 5 |
- |
9,400 |
|
The company uses an 11 percent discount rate and an 8 percent reinvestment rate on all of its projects.
Calculate the MIRR of the project using the discounting approach method. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
MIRR %
Calculate the MIRR of the project using the reinvestment approach method. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
MIRR %
Calculate the MIRR of the project using the combination approach method. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
MIRR %