The primary advantages of the MIRR over the IRR include which of the following?

The MIRR overcomes problems with the IRR calculation when a project has nonnormal cash flows.

The MIRR assumes reinvestment of the proceeds from capital projects at the project cost of capital rather than at the internal rate of return.

The MIRR accounts for a projects terminal value while the IRR does not.

Answers a. and b. are both correct.

Answers a., b., and c. are all correct.