of return (MIRR): 29.77% 24.81\%. 26.05\% 27.29% If Celentil Crare Cosmetics's manajers select projects based on the Ming oritenion, they should this in dependent project. Which of the foldwing ststemients best descnbes the diference betivent the aRR method snd the octick method? Celestial Crane Cosmetics's WACC is 8%, and the project has the aame risk as the firm's average project. Calculate this project's modified internal rate of retum (MIRR): 29.77% 24.81% 26.05% 27.29% If Celestial Crene Cosmetics's managers select projects based on the Mrre critenion, they should this indeperident project. Which of the following statements best desenbes the difference between the irr method and the MiRR method? The IRR method assumes that cash fiows are reinvested at a rate of fetura equal to the IRR. The MIRR method assumes that cash flowz are reinvested at a rate of retum equal to the cost of capital The IRR method uses the gresent value of the inibal investrint to caleulate the IRR. The MIRR method uses the terminal value of the initial investiment to calculate the MIRR. The IRR methed uses oniy cash infiows to caiculate the IRR. The MIRR method uses both cash inflows and cash dutfiovo to calculate the MIRR