Which of the following statement is correct?

		When evaluating mutually exclusive projects, the modified IRR (MIRR) always leads to the same capital budgeting decisions as the NPV method, regardless of the relative lives or sizes of the projects being evaluated.
		Other things held constant, an increase in the cost of capital will result in a decrease in a projects IRR.
		The phenomenon called multiple internal rates of return arises when two or more mutually exclusive projects that have different lives are being compared.
		The NPV and IRR methods, when used to evaluate two independent will lead to same accept/reject decisions regardless of cost of capital rate.
		All of them are incorrect.