Chamberlain Corp. is evaluating a project with the following cash flows. The company uses a discount rate of 10 percent and a reinvestment rate of 7 percent on all of its projects.
Year | Cash Flow |
0 |
-$15,400 |
1 |
6500 |
2 |
7700 |
3 |
7300 |
4 |
6100 |
5 |
-3500 |
Calculate the MIRR of the project using the discounting approach method, the reinvestment approach method, and the combination approach.