Question: When evaluating a project with non-normal cash flows (cash flows change sign for at least two times during the project life), the best method to

When evaluating a project with non-normal cash flows (cash flows change sign for at least two times during the project life), the best method to use for capital budgeting analysis is the: _____

internal rate of return

payback rule

discounted payback

Modified internal rate of return (MIRR)

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