- Original Poster
- #1
The internal rate of return is usually defined as the expected rate of return on a project. So for example with an irr of 17%, and a discount rate of 10%, you approve the project because the irr is greater.
What confuses me is it also defined as the breakeven point (NPV = 0)?? Doesn't that mean youre not making any profit?
What confuses me is it also defined as the breakeven point (NPV = 0)?? Doesn't that mean youre not making any profit?
