Conflicts between mutually exclusive projects are possible where the NPV, IRR, and MIRR methods do not rank the same project as the best choice. Assuming the objective is to maximize firm value, how should these conflicts be resolved?

Group of answer choices

Choose the project which is ranked best by at least 2 of the 3 methods.

Choose the project with the highest NPV.

Choose the project with the highest MIRR.

Choose the project with the highest IRR.