In: Finance
Slow Ride Corp. is evaluating a project with the following cash flows:
Year Cash Flow
0 –$ 29,000
1 11,200
2 13,900
3 15,800
4 12,900
5 – 9,400
The company uses a 10 percent interest rate on all of its projects.
Calculate the MIRR of the project using the discounting approach method. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Calculate the MIRR of the project using the discounting approach method. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Calculate the MIRR of the project using the combination approach method. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Please show all formulas