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