The Taxi Co. is evaluating a project with the following cash flows:

The Taxi Co. 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 11% interest rate on all of its projects. What is the MIRR using the discounted approach? 

19.66%

19.23%

17.08%

15.40%

13.25%