Hey, there are a few practice questions I'm trying to make sure I get right for an upcoming assignment.. the three questions are:

1) Why is it important to evaluate capital investments based on the expected future cash flows and not the expected future profits to be generated by the potential investment opportunity

2) If an investment opportunity is expected to be value destroying then the project's IRR will be greater than the project's MIRR.Agree or disagree, and why?

3) f someone were told that the required return of an investment opportunity is higher than you originally assumed, how would applying a higher required return affect the investment's performance measures (expected NPV, IRR, MIRR, and payback period)?

for question 3, I think we need to provide something like one sentence explanation for each performance measure?

Any help would suffice! Thank you so much