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Business, 26.03.2021 19:50 Benysod402

Doak Corp. is evaluating a project with the following cash flows. The company uses a discount rate of 12 percent and a reinvestment rate of 9 percent on all of its projects. Year Cash Flow
0 –$ 16,600
1 7,700
2 8,900
3 8,500
4 7,300
5 – 4,700

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.)

Needed:
Discount approach
Reinvestment approach

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