A. Return (continued)
- c. Internal Rate of Return
- d. Modified Internal Rate of Return
- Example: MIRR $5000(1 + MIRR)4 = $1000(1.06)3 + $1100(1.06)2 + $1500(1.06)1 + $3200
$5000(1 + MIRR)4 = $1191 + $1236 + $1590 + $3200
$5000(1 + MIRR)4 = $7217
(1 + MIRR) = 1.0961
MIRR = 9.61%