7. True/False: If we are evaluating independent projects with conventional cash flows, then the net present value, modified internal rate of return, profitability index, and payback methods all result in the same decision. 8. Which of the following implicitly assumes that cash flows are reinvested at the required rate of return? a. IRR b. MIRR c. Payback d. Average Accounting Return e. All of the Above 9. A Project has a cost of capital of 12%, an initial cost of $1200 and cash flows of $500 each year for 3 years. Calculate the IRR. 10. A project has a cost of capital of 12%, initial cost of $1200 and cash flows in years 1 through 3 of $2500,$500, and $500, respectively (note the year 2 cash flow is negative). Calculate the MIRR