Project IRR and Equity IRR

Some readers often ask me if the equity IRR can be lower than the project IRR. And I always say the same thing - yes, it can be. So, in what circumstances the equity IRR will be lower than project IRR? The equity IRR will be lower than the project IRR whenever the cost of debt exceeds the project IRR. Download Excel workbook from https://www.feasibility.pro/wp-conten... Read the detailed post at https://www.feasibility.pro/project-i...