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Provide an intuitive explanation of the modified internal

1. Provide an intuitive explanation of the modified internal rate of return (MIRR) financial performance metric. How does MIRR differ from IRR?

2. What decision criterion should be used to choose investment projects for a firm with unlimited funds available at a weighted-average cost of 10 percent (after tax)? Can the firm use the same decision criterion if it has only a limited amount of available funds, say $100 million? Explain.

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Cost Accounting: Provide an intuitive explanation of the modified internal

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