RAK Corp. is evaluating a project with the following cash flows:

Year Cash Flow

0 –$ 29,800

1 12,000

2 14,700

3 16,600

4 13,700

5 – 10,200

The company uses a discount rate of 13 percent and a reinvestment rate of 6 percent on all of its projects.

Calculate the MIRR of the project using the discounting approach. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

MIRR %

Calculate the MIRR of the project using the reinvestment approach. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

MIRR %  

Calculate the MIRR of the project using the combination approach. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)