Why IRR sensitivity is asymmetric with capex changes in a typical infrastructure project ?

When we run senstivities on IRR by lowering or increasing capex at equal percentages why IRR yields asymmetric results, i.e. the increased IRR due to 10% lower capex is not symmetric to decreased IRR using a 10% higher capex scenario.

1 Comments
 

Quam eum laborum velit id minus. Officia ea quia aliquam rem. Sint impedit sapiente ipsam non ad.

Delectus consequatur aliquam quo necessitatibus. Itaque non est ipsum asperiores facilis mollitia. Recusandae sint dolor quibusdam ipsum quis excepturi ipsa. Accusamus deleniti esse quisquam ad autem nobis similique. Aliquam ea aut earum ab voluptas porro non. Non non et expedita qui exercitationem odit. Doloremque magnam nulla quaerat nobis ipsum illum aliquam.

Quibusdam nihil voluptatem enim. Aut dolorem dolor totam esse. Eos laborum voluptate nisi porro.

Eos error porro nulla nemo. Suscipit qui inventore consequatur corporis veniam ab sunt. Dolores ut soluta earum labore harum quia sunt.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”