In the reporting year immediately following the determination of a cohort's five (5) year graduation rate under section 10.2 of this chapter and each subsequent reporting year, the department shall calculate a six (6) or subsequent year graduation rate for the cohort using the following formula:
STEP ONE: Determine the number determined under STEP TWO of the formula established in section 10.2 of this chapter.
STEP TWO: Add:
STEP THREE: Divide:
IC 20-26-13-10.5