Response to the following problem:
Lifeline Corp. is evaluating a project with the following cash flows:
Year Cash Flow
0 '$ 16,800
1 7,900
2 9,100
3 8,700
4 7,500
5 ' 4,900
The company uses a 9 percent interest rate on all of its projects.
Calculate the MIRR of the project using all three methods
Discounting approach
Reinvestment approach
Combination approach.