Which of the following statements is NOT true about MIRR a C

Which of the following statements is NOT true about MIRR?

Solution

a. cannot be calculated if you have more than one negative cash flow.

MIRR can be calculated even with more than one negative cash flow.(so statement a is incorrect).

MIRR assumes that cash flows are reinvested at WACC rate. (so b is correct)

MIRR will be lower than IRR for a positive NPV project.(so c is correct).

MIRR is used to solve multiple IRR situations. (d is correct)