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Engineering EconomicsMubashir Rasheed
Multiple IRR ValuesIn the cash flow series presented thus far, the algebraic signs on the net cash flows changed only once, usually from minus in year 0 to plus at some time during the seriesThis is called a conventional ( or simple) cash flow seriesHowever, for some series the net cash flows switch between positive and negative from one year to another, so there is more than one sign change. Such a series is called nonconventional (nonsimple)
Multiple IRR Values
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