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Solo Corp. is evaluating a project with the following cashflows:YearCash Flow0–$47,000116,900220,300325,800419,6005–9,500The company uses a discount rate of 11 percent and areinvestment rate of 8 percent on all of its projects.a.Calculate the MIRR of the project using the discountingapproach method. (Do not round intermediate calculationsand enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)b.Calculate the MIRR of the project using the reinvestmentapproach method. (Do not round intermediate calculationsand enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)c.Calculate the MIRR of the project using the combinationapproach method. (Do not round intermediate calculationsand enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)