A Resolution to the Problem of Multiple IRR: A Modified Capital Amortization Schedule (MCAS) Method for Non-Normal Cash Flows (NNCF) to Obtain a Unique IRR
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Elsevier BV
Reference35 articles.
1. A New Method to Estimate NPV and IRR from the Capital Amortization Schedule and an Insight into Why NPV is not the Appropriate Criterion for Capital Investment Decision;K C Arjunan;Available at SSRN,2017
2. IRR Performs Better than NPV: A Critical Analysis of Cases of Multiple IRR and Mutually Exclusive and Independent Investment Projects;K C Arjunan;Available at SSRN,2017
3. Modified IRR (MIRR) Is a Spurious Criterion and Should Not Be Used in Cost-Benefit Analysis (CBA) and Investment Analysis;K C Arjunan;Available at SSRN,2017
4. The Controversial Reinvestment Assumption in IRR and NPV Estimates: New Evidence against Reinvestment Assumption
5. MIRR: The Means to an End? Reinforcing Optimal Investment Decisions Using the NPV Rule;B Balyeat;Journal of Financial Education,2015
Cited by 3 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献
1. Validity of NPV Rule and IRR Criterion for Capital Budgeting and CBA;SSRN Electronic Journal;2019
2. New Vistas in Cost-Benefit Analysis and Capital Budgeting to Perfect the IRR and NPV Estimates and to Resolve the Common Criticisms of Reinvestment and Multiple IRR;SSRN Electronic Journal;2018
3. IRR Performs Better than NPV: A Critical Analysis of Cases of Multiple IRR and Mutually Exclusive and Independent Investment Projects;SSRN Electronic Journal;2017
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