In: Finance
Mittuch 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 | –$ | 16,500 | ||
| 1 | 7,600 | |||
| 2 | 8,800 | |||
| 3 | 8,400 | |||
| 4 | 7,200 | |||
| 5 | –4,600 | |||
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.)
| Discounting approach | % | 
| Reinvestment approach | % | 
| Combination approach |