Remember, the IRR is the discount rate that makes the NPV equal to zero. You don't specify a discount rate in IRR because you are calculating the discount rate that makes NPV=0. jah
On Fri, Oct 17, 2008 at 11:55 AM, Alex Papavasiliou
OK, got the correct IRR. One last question, why are the cash flow entries different for NPV and IRR? I thought they were the same. What I am I missing? FYI, I was stuck in traffic yesterday and missed your office hours.
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