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Problem 9-20 MIRR (LO6] Solo Corp. Is evaluating a project with the following cash flows:...

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Problem 9-20 MIRR (LO6] Solo Corp. Is evaluating a project with the following cash flows: Year Cash Flow 0 $28,600 1 10,800 2 13,500 3 15,400 12,500 5 9,000 NMD The company uses a discount rate of 13 percent and a reinvestment rate of 6 percent on all of its projects. a. Calculate the MIRR of the project using the discounting approach. (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) b. Calculate the MIRR of the project using the reinvestment approach. (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. Calculate the MIRR of the project using the combination approach. (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) % a. Discounting approach MIRR b. Reinvestment approach MIRR C. Combination approach MIRR % %

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