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Which of the following characteristics is not true of the modified internal rate of return (MIRR)? It is complex to compute, if done manually It

Which of the following characteristics is not true of the modified internal rate of return (MIRR)? It is complex to compute, if done manually It cannot be used reliably to choose between mutually exclusive projects. Unlike IRR, MIRR does not consider the time value of money Its use may not lead to an optimum capital budget It focuses on after-tax cash flows, rather than accounting income amounts

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