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A Sufficient Condition for a Unique Nonnegative Internal Rate of Return–Comment

Published online by Cambridge University Press:  19 October 2009

Donald C. Aucamp  and
Walter L. Eckardt Jr.
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Extract

In a past issue of this journal, Carl J. Norstrøm [3] developed a sufficiency condition for the existence of a unique nonnegative internal rate of return for an investment project. His method is appealing because it involves a simple computation using cumulative undiscounted cash flows and because it applies to a wide range of practical situations.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 11 , Issue 2 , June 1976 , pp. 329 - 332
Copyright
Copyright © School of Business Administration, University of Washington 1976

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References

REFERENCES

[1]Aucamp, Donald C. “On the Uniqueness of the Internal Rate of Return.” Unpublished manuscript, Edwardsville, Illinois (1973).Google Scholar
[2]Kaplan, S. “A Note on a Method for Precisely Determining the Uniqueness or Nonuniqueness of the Internal Rate of Return for a Proposed Investment.” Journal of Industrial Engineering, vol. 16 (January–February 1965).Google Scholar
[3]Norstrøm, Carl J. “A Sufficient Condition for a Unique Nonnegative Internal Rate of Return.” Journal of Financial and Quantitative Analysis, vol. 6 (June 1972), pp. 1835–1839.Google Scholar