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MIRR

MIRR

Modified internal rate of return (MIRR)

Modified internal rate of return (MIRR) Modified internal rate of return (MIRR) assumes that positive cash flows are reinvested at the firm’s cost of capital. By contrast, the internal rate of return (IRR) assumes the cash flows from a project are reinvested at the IRR. PV is present value (at the beginning of the first period) FV is future value

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