Second the profitability index pi has been revised giving a


There have been two 'modifications' in discounted cash flow metrics. First, the Internal Rate of Return (IRR) has been revised giving a Modified Internal Rate of Return (MIRR). Second, the Profitability Index (PI) has been revised giving a Modified Profitability Index (MPI). Why were the IRR and the PI revised? When are these measures appropriate to use?

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Finance Basics: Second the profitability index pi has been revised giving a
Reference No:- TGS0615012

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