Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins

Exercise 21

Provide an intuitive explanation of the modified internal rate of return (MIRR) financial performance metric. How does MIRR differ from IRR?

Step 1 of 2

The modified internal rate of return (MIRR) is an IRR used to account for an expected rate of return related to interim project cash inflows.