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

a) then b)

a) then c)

a) then d)

b) then a)

b) then c)

b) then d)

c) then a)

c) then b)

c) then d)