what is the full form of irr

The full form of IRR is Internal Rate of Return. It is a metric used in financial analysis to estimate the profitability of potential investments. IRR is a discount rate that represents the rate of growth that an investment is expected to generate annually. It is used to estimate the return on an investment, and the higher the IRR, the better the return of an investment. IRR is also an important tool for companies in determining where to invest their capital.