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2. What is the relationship between the MIRR and IRR for a normal project (i.e., where the only negative cash flow is the initial cost

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2. What is the relationship between the MIRR and IRR for a normal project (i.e., where the only negative cash flow is the initial cost at t=0 and all remaining cash flows are positive) if the required rate of return is less than the IRR and the NPV of the project is positive? a. MIRR > IRR b. MIRR = IRR MIRR

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