Which statement about a project's MIRR is correct? Assume that the project being considered has normal cash flows,with one outflow followed by a series of inflows.

A) A project's MIRR is always greater than its regular IRR.
B) A project's MIRR is always less than its regular IRR.
C) If a project's IRR is greater than its WACC, then the MIRR will be less than the IRR.
D) If a project's IRR is greater than its WACC, then the MIRR will be greater than the IRR.

MIRR

Modified Internal Rate of Return, a financial measure used to evaluate the attractiveness of investments, adjusting for the cost of capital and reinvestment of cash.

IRR

Stands for Internal Rate of Return, which is a financial metric used to estimate the profitability of potential investments.

WACC

The Weighted Average Cost of Capital is a method of determining a corporation's cost of capital, with each capital category being weighted in accordance with its relative proportion.