How do I use the IRR function in Excel?
To use the IRR (Internal Rate of Return) function in Excel, you need to follow the steps below:
- Enter the cash flow values into a single column or row in an Excel worksheet.
- Click the cell where you want to display the IRR result.
- Click the Formulas tab and select the Financial category.
- Click on the IRR function to open the Function Arguments dialog box.
- Select the cell range containing the cash flows in the Values field.
- Optionally, enter a guess for the IRR value in the Guess field.
- Click OK to close the Function Arguments dialog box and calculate the IRR value.
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