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Which of the following statements regarding modified internal rate of return (MIRR) is TRUE? MIRR assumes cash flows are reinvested at the project's IRR. b

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Which of the following statements regarding modified internal rate of return (MIRR) is TRUE? MIRR assumes cash flows are reinvested at the project's IRR. b MIRR can nddress the multiple IRR issue, When calculating MIRR, we need to compound each cash outflow to the end of the project, and discount each cash inflow back to present. o di When using MIRR to evaluate projects, we should accept a project if its cost of the capital invested in the projects exceeds its MIRR

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