Based upon your calculated values for NPV, IRR, and MIRR for Project A, which of the following statements is correct?
Based on the capital budgeting rule that an independent project should be accepted if the project’s IRR exceeds its MIRR, MMO should accept Project A.
Based on the capital budgeting rule that an independent project should be accepted if its NPV > 0, MMO should accept Project A.
Based on the capital budgeting rule that an independent project should only be accepted if its NPV exceeds the cash outflows required to start the project, MMO should reject Project A.
Based on the capital budgeting rule that an independent project should be accepted if the project’s NPV exceeds its IRR, MMO should accept Project A.