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All of the followings are disadvantages of the modified internal rate of return (MIRR) investment rule except for: A.There are many methods of calculating MIRR
All of the followings are disadvantages of the modified internal rate of return (MIRR) investment rule except for:
A.There are many methods of calculating MIRR but no clear choice of the best method to use.
B.It is difficult to interpret MIRR.
C.It is redundant as it uses the same data required for NPV.
D.It depends on an estimated required rate of return which means that it is not a true internal rate of return which should depend only on the project's cash flows.
E.It does not take into account the time value of money.
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