Which one of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows.

Group of answer choices

A project's MIRR is always greater than its regular IRR.

If a project's WACC is greater than its IRR, then the MIRR is less than the IRR.

If a project's WACC is less than its IRR, then the MIRR is greater than the IRR.

To find a project's MIRR, we compound cash inflows at its WACC and then discount the terminal value back to t=0 at the MIRR.

A project's MIRR is always less than its regular IRR.