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a. Explain the rationale behind the MIRR method. b. State and explain the decision rule for the MIRR method. Assume a hurdle rate of 9%.

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a. Explain the rationale behind the MIRR method. b. State and explain the decision rule for the MIRR method. Assume a hurdle rate of 9%. c. Explain how the company would use the MIRR method to rank mutually exclusive projects. d. Explain how this method corrects for some of the problems inherent in the IRR method. 6. Explain to the R&D staff why BioCom uses the NPV method as its primary project selection criterion

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