Question: When applying the MIRR approach to determine the external rate of return of a project, which of the following statements is true? (a) The borrowing

When applying the MIRR approach to determine the external rate of return of a project, which of the following statements is true?

(a) The borrowing rate, ib, is usually equal to the MARR.

(b) The borrowing rate, ib, is usually greater than the investment rate, ii.

(c) The borrowing rate, ib, is usually less than the investment rate, ii.

(d) The borrowing rate, ib, and investment rate, ii, are usually equal.

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