CF1 CF2 CFN N

CFt
NPV CF0
(1 r)1 (1 r)2 (1 r)N t 0 (1 r)t

$500 $400 $300 $100

NPVS $1, 000
(1,10)1 (1,10)2 (1,10)3 (1,10)4
$1, 000 $454.55 $330.58 $225.39 $68.30
$78.82
 CF1 CF2 CFN
NPV CF0 1 2
0
(1 IRR) (1 IRR) (1 IRR)N
N
CFt
0
t 0 (1 IRR)t

$500 $400 $300 $100

NPVS 0 $1, 000
(1 IRR)1 (1 IRR)2 (1 IRR)3 (1 IRR)4
 1.6 10 10
NPV 0
(1 IRR)0 (1 IRR)1 (1 IRR)2
 N

N
CIFt (1 R)N 1
COFt t 0
t
t 0 (1 r) (1 MIRR)N
TV
PV chi phí
(1 MIRR)N
 CF1 CF2 CFN
NPV CF0
(1 r)1 (1 r)2 (1 r)N

$100
$95,24
(1, 05)1

$100
$90,91
(1,10)1

$95,24 $90,91
4,5%
$95,24
 $100
$37,69
(1, 05)20

$100
$14,86
(1,10)20

$37,69 $14,86
60,6%
$14,86