In: Finance
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Doak Corp. is evaluating a project with the following cash flows. The company uses a discount rate of 11 percent and a reinvestment rate of 8 percent on all of its projects. |
| Year | Cash Flow | |||
| 0 | –$ | 32,600 | ||
| 1 | 11,520 | |||
| 2 | 14,670 | |||
| 3 | 11,270 | |||
| 4 | 10,940 | |||
| 5 | – | 4,230 | ||
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Calculate the MIRR of the project using all three methods with these interest rates. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |