10 An investor might consider using modified IRR (MIRR) because a. interest rates are currently at historic high level b. internal rate of return is an absolute measure of evaluating capital budgeting projects C. internal rate of retum assumes cash flows are reinvested at IRR which could overstate the project's performance dit is much easier for decision makers to understand than payback period (PB) 11 The risk free rate can be referred to as a. the real rate b. the nominal rate C. the effective rate d the US Treasury rate