Question: When evaluating a project with mixed ( non - conventional ) cash flows, the Modified Internal Rate of Return ( MIRR ) address the issue

When evaluating a project with mixed (non-conventional) cash flows, the Modified Internal Rate of Return (MIRR) address the issue of multiple IRRs by
Discounting all cash flows back to year zero and then finding a single IRR.
Reinvesting all positive cash flows to the end of the project's life at the reinvestment rate.
Either compounding negative cash flows to the present or discounting positive cash flows to the end, depending on the project's cash flow pattern.
Utilizing both a finance rate to discount negative cash flows and a reinvestment rate to compound positive cash flows, effectively providing a more realistic measure of a project's profitability.

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