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Which statement about a project's MIRR is correct? Assume that the project being considered has normal cash flows, with one cash outflow at t=0 followed
Which statement about a project's MIRR is correct? Assume that the project being considered has normal cash flows, with one cash outflow at t=0 followed by a series of positive cash flows. a. To find a project's MIRR, we compound cash inflows at the regular IRR and then find the discount rate that causes the PV of the terminal value to equal the initial cost. b. A project's MIRR is always greater than its regular IRR. c. A project's MIRR is always less than its regular IRR. d. To find a project's MIRR, the textbook procedure compounds cash inflows at the WACC and then finds the discount rate that causes the PV of the terminal value to equal the initial cost
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