NPV prefferd over MIRR in case of

	1.	If the project are mutually exclusive and are of different risks
	2.	limited capital
	3.	have the same outlay and same risk
	4.	non of the above

If the projects are mutually exclusive , have the same investment outlay, and have the same risk we must use :

	1.	NPV OR MIRR
	2.	NPI AND PI
	3.	MIRR ONLY
	4.	PI AND MIRR

which techniques not consider riskness of the cash flows:

	1.	Payback period
	2.	PI
	3.	MIRR
	4.	IRR

one of the advantage ................ techniques., useful in ranking and selection when capital is rationed

	1.	Profitability index
	2.	IRR
	3.	MIRR
	4.	NPV