Modified Internal rate of return Formula
MIRR = Modified internal rate of return
n = No. of periods or years or Total life span of the project or investment
t = Period in which cash flow occur
Cash inflow= The amount of return on investment
Cash outflow = The amount of investment
The Modified Internal Rate of Return (MIRR) is a financial measure of an investment's attractiveness. It is used in capital budgeting to rank alternative investments of equal size. As the name implies, MIRR is a modification of the internal rate of return (IRR) and as such aims to resolve some problems with the IRR.