In the reporting year immediately following the determination of a cohort's four (4) year graduation rate under section 10(a) of this chapter, the department shall calculate a five (5) year graduation rate for the cohort using the following formula:
STEP ONE: Determine the number determined under STEP FOUR of the formula established in section 10(a) of this chapter.
STEP TWO: Add:
STEP THREE: Divide:
IC 20-26-13-10.2