Finance

MIRR Calculator (Modified IRR)

Calculate MIRR with separate finance and reinvestment rates for more realistic returns.

Initial Investment ($)

Year 1 ($)

Year 2 ($)

Year 3 ($)

Year 4 ($)

Finance Rate (%)

Cost of borrowing / WACC

Reinvestment Rate (%)

Rate earned on positive cash flows

MIRR Formula:
MIRR = (FV of positives / PV of negatives)^(1/n) − 1
Positives compounded at reinvestment rate
Negatives discounted at finance rate