Internal Rate of Return with the Modified Internal Rate of Return Methods Title of paper Student’s name Course name and number Instructor’s name Date submitted Introductory Paragraph The purpose of this essay is to compare Internal Rate of Return (IRR) with the Modified Internal Rate of Return (MIRR) methods. This writing will critically examine the different aspects of how these two methods are used to determine an investment decision and how effective these two concepts are. The paper will present examples of using both methods and address the issues that both allow and limit the use of IRR and MIRR methods. The paper will also present a first person experience to demonstrate how this academic concept operates. The concept will be...The end:
..... evaluate using the IRR method. Therefore having a method like the MIRR method that accommodates for deficiencies in other methods is suitable for managers to effectively determine the value of such projects. References Brigham, E.F. & Ehrhardt, M.C. (2008). Financial management: theory and practice. (Ed.)11. (pp 389-390). Cengage Learning. U.S. Print. Chang, C.E. & Swales, G.S. (1999). A Pedagogical Note on Modified Internal Rate of Return. Financial Practice and Education. 132-137. Greer, G.E. & Kolbe, P.T. (2003). Investment analysis for real estate decisions. (Ed.) 5. 227. Chicago,Il: Dearborn Financial Publishing. Print. Mishan, E.J. & Quah, E. (2007). Cost-benefit analysis. (Ed.)5. (pp 135). New York: Routledge. Print.