“Decision taken whether to accept or reject a proposal will not be same in IRR and NVP when cash flows are not conventional.” What is meant by this statement. What are conventional and unconventional cash flows ?
anon39: That is not true – NPV certainly does not assume constant cash flows!!!
alikhakar: Conventional means an outflow followed by a series of inflows. An example of non-conventional is where there is an outflow, then an inflow, and then an outflow.