In: Finance
| Doak Corp. is evaluating a project with the following cash flows. The company uses a discount rate of 8 percent and a reinvestment rate of 5 percent on all of its projects. | 
| Year | Cash Flow | |||
| 0 | –$ | 16,300 | ||
| 1 | 7,400 | |||
| 2 | 8,600 | |||
| 3 | 8,200 | |||
| 4 | 7,000 | |||
| 5 | – | 4,400 | ||
| 
 Calculate the MIRR of the project using all three methods with these interest rates Discounting approach% Reinvestment approach% Combination approach\%  |