Which of the following is NOT an advantage of the Internal Rate of Return? Compared by investors for different investments Expected IRR's should differ only differences in time periods Considers all cash flows over holding period Considers the time value of money 14 point Which of the following is TRUE as it relates to the Modified Internal Rate of Return? of the reinvestment rate is lower than the IRR, then the MIRR will be higher than the IRR but higher the reinvestment rate If the reinvestment rate is higher than the IRR, then the MIRR will be lolver than the IRR but lower than the reinvestment rate If the roinvestment rate is exactly equal to the IRR, then the MIRR will also equal the IRR None of the above are true 15 point Existing leases may NOT have an impact on: Select holding period Downtime when existing tenant vacates Resale forecast Income and operating expenses