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Full-Text Articles in Business
Student Evaluation Instruments: Online Vs. Paper, R. Brian Balyeat, Julie Cagel
Student Evaluation Instruments: Online Vs. Paper, R. Brian Balyeat, Julie Cagel
Faculty Scholarship
No abstract provided.
Mirr: The Means To An End? Reinforcing Optimal Investment Decisions Using The Npv Rule, R. Brian Balyeat, Julie Cagel
Mirr: The Means To An End? Reinforcing Optimal Investment Decisions Using The Npv Rule, R. Brian Balyeat, Julie Cagel
Faculty Scholarship
Unlike other investment decision techniques, Modified Internal Rate of Return (MIRR) has yielded mixed academic opinions. MIRR is sometimes heralded as a superior decision rule, sometimes seen as having little value, and sometimes ignored altogether. We offer an alternative view; that the value of MIRR lays in improving students’ understanding of net present value (NPV) as the primary decision criteria for investment decisions. Results of a classroom experiment support MIRR’s pedagogical value for reinforcing the NPV rule.