#irr

The Internal Rate of Return (IRR) is a metric used to evaluate the profitability of an investment by calculating the discount rate that makes the net present value of all cash flows equal to zero. The documents here cover the use of IRR in capital budgeting, comparing it with other methods like NPV and Payback. They include examples from corporate financial statements, managerial finance notes, and case studies like Lockheed Martin's Tri Star project.