Hi all,
does anyone know if the function IRR in Excel actually works? I get the wrong numbers for when I calculate the IRR in my model. To illustrate, I posted a picture of the problem at hand.
Regards, neramos
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your inputs are wrong.
use xirr and instead of years put dates. For example put 12/31/2010-12/31/2015 if you want five years. O and change your status to prospective consultant...
Agree with Masao. You're taking the PV of the CFs then putting that into the IRR formula, so it's discounting twice. Just plug the CFs directly into the IRR formula and you'll get it to match.
I ran it with your nominal values and got 10.88%
use a financial calculator
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