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in this video Iamp;#39;m going to be talking about irr otherwise known as the internal rate of return now the internal rate of return is a way of evaluating a project and coming up with a decision to accept or reject that project okay so this is very similar in a way to npv now when we think about MPV we think if the MPV is greater than zero then except thatamp;#39;s the decision thatamp;#39;s our decision rule so IR is is is kind of related in that sense and that ultimately itamp;#39;s going to lead to a decision rule but first in order to understand what irr is letamp;#39;s letamp;#39;s kind of work a problem here with MPV and then show how we do it with irr so letamp;#39;s say that that weamp;#39;ve got some project so weamp;#39;ve got an example here we have a project and this project is going to have a itamp;#39;s just going to be a one-ear timeline and at the beginning of year at year zero right now weamp;#39;re going to have a cash outflow weamp;#39;re going to inves