## Modified Internal Rate of Return (MIRR)

The modified internal rate of return (MIRR) is an adaptation of the Internal Rate
of Return **(IRR).**
which is intended overcome the limitations of the latter. The MIRR and IRR are widely used by investors to select the
most profitable investments.

The IRR has two important limitations, namely:

a) Positive cash flows are reinvested at the same rate of cost of capital;

b) In certain cash flow model are produced multiple results.

The MIRR eliminates these limitations and is used to evaluate alternative investments, such as the IRR.

See the full text ** here.**

To calculate the modified internal rate of return, enter values in chronological order of events, separated by
commas, the rates of interest relating to reinvestment and cost of capital. The first event always has a negative sign
because it represents the initial disbursement of investment.

Use the point as decimal separator. Ex. For the number 725,162.46 enter 725162.46.

Consider the net value, when in the same period occur inflows and outflows of resources.

The results are automatically displayed after the click on "**Calculate**".