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The ASF licenses this file to You under the Apache License, Version 2.0
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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.
*
* @author Carlos Delgado (carlos dot del dot est at gmail dot com)
* @author Cedric Walter (cedric dot walter at gmail dot com)
*
* @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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