Multiple IRR

Multiple IRR occur when a project has non

conventional cashhflows.
A+Non-conventional cash flow is a series of inward and
outward cash flows over time in which there is more
than one change in the cash flow direction..

Year 0 1 2 3 4
Net Cash flow ₹ -145,000.00 ₹ 100,000.00 ₹ 150,000.00 ₹ 130,000.00 ₹ -245,000.00
Cost of capital 10%

NPV ₹ 208.66

IRR 1 9%
IRR 2 19% NPV at different discount rates
₹2,000.00
Discount rate NPV
0% ₹ -10,000.00 ₹0.00
0% 5% 10% 15% 20%
2% ₹ -6,625.69
4% ₹ -4,020.22 (₹2,000.00)
6% ₹ -2,073.35
(₹4,000.00)
8% ₹ -690.71
10% ₹ 208.66
(₹6,000.00)
12% ₹ 694.30
14% ₹ 826.06 (₹8,000.00)
16% ₹ 655.51
18% ₹ 227.17 (₹10,000.00)
20% ₹ -420.52
22% ₹ -1,254.31 (₹12,000.00)
rent discount rates

10% 15% 20% 25%