Redskins Football, Inc. 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 12,000
5 -9,400
The company uses an 16% discount rate on all of its projects. Using the combination method what is Redskins Football, Inc.’s MIRR of the project?