ACME is evaluating a project with the following cash flows:
Year Cash Flow
0 -$68,000
1 8,400
2 19,900
3 43,800
4 13,500
5 -4,200
The company uses a 9 percent interest rate on all of its projects. What is the MIRR of the project using the reinvestment approach? The discounting approach? The combination approach?