Internal Rate of Return | Corporate Finance | CPA Exam BAR | CMA Exam | Chp 9 p 5

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The internal rate of return, universally known as the (IRR) is closely related to NPV. With the IRR, we try to find a single rate of return that summarizes the merits of a project. Furthermore, we want this rate to be an “internal” rate in the sense that it depends only on the cash flows of a particular investment, not on rates offered elsewhere.
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