Cash Flow Forecast: Adjusting for Actuals

Cash flow forecast is an important component of the project finance modeling. Properly done cash flow forecast enables the firm to manage its fund and search for external funding in case of shortage. As the project progresses, we update the projections for the actuals...

How to explain IRR to anyone? [video]

Explaining IRR (internal rate of return) to someone from non-finance background can be difficult. In the post on IRR, I explained the theory and calculation of IRR in much detail. However, many a time, when I talk to people from different disciplines I find it...
Can Equity IRR be lower than Project IRR?

Can Equity IRR be lower than Project IRR?

The post about Project IRR and Equity IRR became one of the most commented posts on this blog. Apart from the comments, I still receive tons of email asking me what the other circumstances are when the equity IRR will be lower than project IRR. In that post we...
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