ed: Jun 4 at 3:40pm iz Instructions Question 2 1 pts One weakness of the internal rate of return (IRR) approach is that it ignores the cash flows beyond a certain period. it does not consider the timing of the cash flows from a project. it implicitly assumes that the firm is able to reinvest the cash flows from the project at the firm's IRR (i.e. assumed reinvestment rate = IRR). it is rarely used by financial managers because it is difficult to calculate.