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The modified internal rate of return: Multiple Choice is computed by combining cash flows until only one change in sign remains. is used to make

The modified internal rate of return:
Multiple Choice
is computed by combining cash flows until only one change in sign remains.
is used to make accept/reject decisions when no discount rate can be assigned.
assumes all projects are financing projects.
applies only to profitability calculations.
is used as the discount rate for all NPV calculations.
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