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.)
...