modified internal rate of return (MIRR)

Definition

MIRR. A modification of another financial concept: the internal rate of return (IRR). Instead of assuming that a project's cash flows are to be invested at the IRR, MIRR assumes that the cash flows are instead invested at the firm's cost of capital (often its weighted average cost of capital). It is designed to better take into account what is done with cash flows once they are received.

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modified gross lease modified pass-through