What is the definition of the internal rate of return (IRR) (it is efficient to write down the formula)? What are the given information and what is the unknown variable?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.2CE: Plot the logarithm of arrivals for each transportation mode against time, all on the same graph....
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What is the definition of the internal rate of return (IRR) (it is efficient to write down the formula)? What are the given information and what is the unknown variable?

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