Practice // Glossary // Modified internal rate of return, Modified IRR, MIRR

Definition for : Modified internal rate of return, Modified IRR, MIRR

GLOSSARY LETTER
MIRR is the Rate of return that yields an NPV of zero when the initial outlay is compared with the Terminal value of the project's net cash flows reinvested at the Required rate of return. MIRR can be used to compare projects of different length.
(See Chapter 17 The internal rate of return of the Vernimmen)
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