Question: 4. (1pt) If two projects are mutually exclusive, is it ever correct to select the project with a lower internal rate of return (IRR)? Explain.

4. (1pt) If two projects are mutually exclusive, is it ever correct to select the project with a lower internal rate of return (IRR)? Explain. 5. (1pt) Under what circumstances is it necessary to use the modified internal rate of return (MIRR) instead of the internal rate of return (IRR)? Explain
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