Which of the following statements regarding modified internal rate of return (MIRR) is TRUE? a....
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Finance
Which of the following statements regarding modified internal rate of return (MIRR) is TRUE? a. When using MIRR to evaluate projects, we should accept a project if its cost of the capital invested in the projects exceeds its MIRR. b. When calculating MIRR, we need to compound each cash outflow to the end of the project, and discount each cash inflow back to present. C. MIRR assumes cash flows are reinvested at the project's IRR, whereas the IRR assumes that cash flows are reinvested at the WACC. d. MIRR eliminates the multiple IRR
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