1 Introduction
1.1 Internal Rate of Return
1.2 Limitations of IRR and NPV
1.3 TrueIRR Method
2 Cumulative future value
2.1 Introduction
2.2 Future Value (at Kth Period)
2.3 Cumulative Future Value (at Kth Period)
2.4 Net Future Value
2.5 Relationship between CFV, NFV and IRR
2.6 Lending Value and Borrowing Value
3 Classification of Cash flow Series
3.1 Introduction
3.2 Lending Series
3.3 Borrowing Series
3.4 Combination Series
3.5 Combination Series (Lending)
3.6 Combination series (Borrowing)
3.7 Steps to identify the type of Series
4 Combination series and IRR
4.1 Interpretation of IRR of Combination Series
4.2 Implicit Assumption
4.3 Need for new Approach
4.4 New Approach to Combination Series
5 TrueIRR and Combination Series
5.1 Introduction
5.2 TrueIRR of Combination Series
5.3 TrueIRR of Combination Series (Lending)
5.4 TrueIRR of Combination Series (Borrowing)
5.5 Bifurcation of Combination Series
6 Margin Value
6.1 Introduction
6.2 IRR and Margin Value
6.3 Relationship between IRR and NPV
6.4 Lending series and Margin value
6.5 Borrowing Series and Margin Value
6.6 Combination Series and Margin Value
7 Applications of TrueIRR
7.1 Introduction
7.2 Combination Series
7.3 Comparison of Proposals
7.4 Incremental Cash flow - Combination Series
8 Reinvestment Assumption and MIRR
8.1 Reinvestment Assumption in IRR and NPV
8.2 Modified Internal Rate of Return (MIRR)
8.3 Arguments made in favour of MIRR
8.4 Reinvestment Assumption in IRR and NPV is a myth
8.5 Comparison of Algebraic Formula of MIRR with that of IRR
8.6 Myths about MIRR
9 Combination series and NPV
9.1 NPV and types of Series
9.2 New Approach
9.3 Application of TrueNPV method
10 Typical series
10.1 Series with Multiple IRRs
10.2 Pump Proposal of Lorie and Savage
10.3 Cash flow Series without IRR
10.4 Negative IRR
10.5 Sign Reversals in Cash flow
11 Algebraic proofs
11.1 NFV and NPV - Relationship
11.2 NFV and IRR - Relationship
11.3 NFV and CFV - Relationship
11.4 Margin Value and NPV
11.5 Descartes’ rule of signs and IRR
11.6 Lending Series and Descartes’ Rule of Signs
11.7 Borrowing Series and Descartes’ Rule of Signs
11.8 Combination Series and Descartes’ Rule of Signs
11.9 Combination Series with Multiple IRRs and descartes’ Rule of Signs
11.10 No IRR Cases
11.11 Comparison of Algebraic Formula of MIRR with IRR