The IRR approach assumes intermediate CFs are re-invested at the _______, while the MIRR approach assumes intermediate CFs are re-invested at the _______.

a) IRR

b) MIRR

c) WACC

d) PI

1 a) then b)

2 a) then c)

3 a) then d)

4 b) then a)

5 b) then c)

6 b) then d)

7 c) then a)

8 c) then b)

9 c) then d)