How do you calculate the IRR for investors in a biz where they’ve rec’d both dividends and tax losses?
kevin J asked: For example, the original investors put $10 million into the company. The company made $5 million of excess cash flow in year five that was returned to the investors in the form of a dividend. In the interim years (e.g. years 1-4 and years 6-10), the company posted losses that [...]











