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Describe the Modified Internal Rate of Return (MIRR) method for determining a capital budgeting project's desirability. What are MIRR's strengths and weaknesses? Explain the differences

Describe the Modified Internal Rate of Return (MIRR) method for determining a capital

budgeting project's desirability. What are MIRR's strengths and weaknesses? Explain the

differences in the reinvestment rate assumption that distinguishes MIRR from IRR.

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