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, ( , IRR) . , , IRR , . IRR, , (MIRR). MIRR; .

. , , . . , , MIRR. ,

, , . .

    IA ( .): -10, -15, 7, 11, 8, 12, IRR MIRR, 12%.

    (17.3) (17.7) : NPV = 19,1 ., IRR = 15%. , . , (17.13), (. 17.13).

       MIRR

    (17.13)

(17.13) , MIRR IRR . , MIRR > , . ( 1 . 17.10), (. .): -1590, 3570, -2000.

, IRR 7,3% 17,25%. , () 7,3% < < 17,25%, NPV. , MIRR .

    , 5%, 10% 20%.

    = 5%

    ;

    MIRR , .

    = 10%

    MIRR = 10,04% , .

    = 20%

    MIRR = 19,9% , .

, MIRR NPV . , NPV MIRR , , . . , , . NPV, .

 

 

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