Internal Rate of Return (IRR):
It is the return which we get if any amount is invested in the business instead of investing outside.
I would like to know whether the above meaning is correct or not? If not correct then please define it, and also please let me know IRR should be more or Less.
As per my knowledge IRR will be more because more returns are expected in the business than that of the outside resourses.
If possible please explain me with an example.
Thank you...!
CAclubindia
