Solo Corp. is evaluating a project with the following cash flows:
Year Cash Flow
0 –$ 47,000
1 16,900
2 20,300
3 25,800
4 19,600
5 – 9,500
The company uses an interest rate of 10 percent on all of its projects.
A. Calculate the MIRR of the project using the reinvestment approach method. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
B. Calculate the MIRR of the project using the combination approach method. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
