This webpage illustrates how to compute the IRR when the risk of cash flow changes over the life of a project. You can put in different assumed buyer discount rates and evaluate the IRR over a holding period.
Edward Bodmer – Project and Corporate Finance
Resolving BS in Finance
This webpage illustrates how to compute the IRR when the risk of cash flow changes over the life of a project. You can put in different assumed buyer discount rates and evaluate the IRR over a holding period.