Internal Rate of Return (IRR)

IRR refers to the growth rate of capital invested in a given project.

Example

Let's say we go into the emu farming business. (Emu = big fat angry stupid ostrich that knows what it did and should respect our restraining order). If we buy 100 acres and 200 emu for $5 million, we believe we'll generate $1 million a year for 20 years. That's a big payback or a high IRR for this initial $5 million investment.

But it will never forgive their unjustified behavior. Shameful.