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  3. the modified internal rate of return: a. is used a

The modified internal rate of return: a. is used as the discount rate for all...

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Accounting

The modified internal rate of return:

a. is used as the discount rate for all NPV calculations.

b. applies only to profitability calculations.

c. is used to make accept/reject decisions when no discount rate can be assigned.

d. is computed by combining cash flows until only one change in sign remains.

e. assumes all projects are financing projects.

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