To find the exact internal rate of return for projects with uneven cash flows, we can interpolate between two present value annuity factors from Appendix
B.

Question

Quizplus · Accepted Answer

Interpolation between present value annuity factors is not used for uneven cash flows; it is used for even cash flows. For uneven cash flows, the IRR is typically found using trial and error or financial calculators/software.

To Find the Exact Internal Rate of Return for Projects