The modified internal rate of return represents the project's internal rate of return assuming that intermediate cash flows from the project can be reinvested at the project's required return.

Question

Quizplus · Accepted Answer

This statement is true. The modified internal rate of return (MIRR) is a financial metric used to evaluate investment opportunities. It assumes that cash flows are reinvested at the required rate of return, rather than at the project's internal rate of return (IRR).

The Modified Internal Rate of Return Represents the Project's Internal