The Modified Internal Rate of Return (MIRR) has several advantages over the Internal Rate of Return (IRR). Which of the following is one of these advantages assuming your primary objective is to maximize firm value?

Group of answer choices

MIRR uses the cost of equity as the reinvestment rate

MIRR modifies the IRR to take into account all relevant cash flows.

MIRR will always rank mutually exclusive projects consistent with NPV.

MIRR uses a firms weighted average cost of capital as the reinvestment rate.