## The Bullock Gold Mine Case Study - Essays - Zichat123Deandra

Aug 24, 2015· With the excel sheet, the formula is =IRR(values) and the values is 14.72% for the proposed Bullock Gold Mine (Appendix B). The modified internal rate of return determines the NPV and eliminates the problem of multiple IRR at the point where the cash flow has only a single change in sign remaining.