Question 12 0/5 pts Comparing net present value and internal rate of return analysis for a single project: always result in the same ranking of projects is only necessary on mutually exclusive projects. always result in the same accept/reject decision may give different accept/reject decisions. Alyeska salmon Inc., a large salmon canning firm operating out of Valdez, Alaska, has a new automated production line project it is considering. The project has a cost of $275,000 and is expected to provide after-tax annual cash flows of $73,306 for eight years. The firm's management is uncomfortable with the IRR reinvestment assumption and prefers the modified IRR approach. You have calculated a cost of capital for the form of 12 percent. What is the project's MIRR in percentage? Round to the whole number. (If your answer is 20%, just put 20 in the box) 6.63 Which of the following is a flaw of the payback period as a metric in capital budgeting analysis? The payback period is difficult to understand and explain The payback period assumes that cash flows are reinvested at the IRR, which overstates the profitability of projects The payback period is too hard to calculate The payback period does not apply a discount rate to cash flows received in the future