Valach, Josef - In: Český finanční a účetní časopis 2013 (2013) 3, pp. 114-121
reinvested at the firm’s required rate of return. Modified internal rate of return is so depend up required rate of return as net … internal rate of return is more universal criterion. It does not use the iterative procedures and assumes that cash flows are … of return is not able to solve situations with non-conventional cash flows and with mutually exclusive projects. Modified …