What does the Modified Internal Rate of Return (MIRR) assume?

A. The MIRR assumes only conventional cash flow models are used.

B. The MIRR assumes that all cash inflows are paid out as dividends.

C. The MIRR assumes that cash flows will be reinvested at the cost of capital.

D. The MIRR assumes that cash flows will be reinvested at the MIRR.

E. The MIRR assumes that cash flows will be reinvested at the IRR.