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package org.apache.poi.ss.formula.functions;

import java.util.Arrays;

import org.apache.poi.ss.formula.eval.ErrorEval;
import org.apache.poi.ss.formula.eval.EvaluationException;

/**
 * Calculates Modified internal rate of return. Syntax is MIRR(cash_flow_values, finance_rate, reinvest_rate)
 *
 * 

Returns the modified internal rate of return for a series of periodic cash flows. MIRR considers both the cost * of the investment and the interest received on reinvestment of cash.

* * Values is an array or a reference to cells that contain numbers. These numbers represent a series of payments (negative values) and income (positive values) occurring at regular periods. *
    *
  • Values must contain at least one positive value and one negative value to calculate the modified internal rate of return. Otherwise, MIRR returns the #DIV/0! error value.
  • *
  • If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the value zero are included.
  • *
* * Finance_rate is the interest rate you pay on the money used in the cash flows. * Reinvest_rate is the interest rate you receive on the cash flows as you reinvest them. * * @see Wikipedia on MIRR * @see Excel MIRR * @see Irr */ public class Mirr extends MultiOperandNumericFunction { public Mirr() { super(false, false); } @Override protected int getMaxNumOperands() { return 3; } @Override protected double evaluate(double[] values) throws EvaluationException { double financeRate = values[values.length-1]; double reinvestRate = values[values.length-2]; double[] mirrValues = Arrays.copyOf(values, values.length - 2); boolean mirrValuesAreAllNegatives = true; for (double mirrValue : mirrValues) { mirrValuesAreAllNegatives &= mirrValue < 0; } if (mirrValuesAreAllNegatives) { return -1.0d; } boolean mirrValuesAreAllPositives = true; for (double mirrValue : mirrValues) { mirrValuesAreAllPositives &= mirrValue > 0; } if (mirrValuesAreAllPositives) { throw new EvaluationException(ErrorEval.DIV_ZERO); } return mirr(mirrValues, financeRate, reinvestRate); } private static double mirr(double[] in, double financeRate, double reinvestRate) { double value = 0; double numOfYears = in.length - 1.; double pv = 0; double fv = 0; int indexN = 0; for (double anIn : in) { if (anIn < 0) { pv += anIn / Math.pow(1 + financeRate + reinvestRate, indexN++); } } for (double anIn : in) { if (anIn > 0) { fv += anIn * Math.pow(1 + financeRate, numOfYears - indexN++); } } if (fv != 0 && pv != 0) { value = Math.pow(-fv / pv, 1d / numOfYears) - 1; } return value; } }




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