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style=\"background-color: #ffff99;\"><b>\u4e0d\u5b9a\u671f\u306a\u7a4d\u7acb\u3068\u4e00\u90e8\u89e3\u7d04\u3092\u542b\u3080\u6295\u8cc7\u306e\u53ce\u76ca\u7387\u3092\u6b63\u78ba\u306b\u8a08\u7b97\u3057\u307e\u3059\u3002<\/b><\/span><\/p>\n<p><strong>\u6bce\u6708\u306e\u7a4d\u7acb\uff08\u91d1\u984d\u306f\u5909\u52d5\uff09\uff1a<\/strong><\/p>\n<div>\n<p>\u00a0\u00a0-50,000\u5186\uff082023\/1\/25\uff09<\/p>\n<p>-100,000\u5186\uff082023\/2\/25\uff09<\/p>\n<p>-75,000\u5186\uff082023\/3\/25\uff09<\/p>\n<p><strong>\u4e00\u90e8\u89e3\u7d04\uff1a<\/strong>200,000\u5186\uff082023\/12\/10\uff09<\/p>\n<p><strong>\u8a55\u4fa1\u984d\uff1a<\/strong>1,500,000\u5186\uff082024\/3\/31\uff09<\/p>\n<p>=XIRR(\u7a4d\u7acb\u3068\u89e3\u7d04\u306eCF, \u5bfe\u5fdc\u65e5\u4ed8)<\/p>\n<\/div>\n<h3>\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u306e\u8a55\u4fa1<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u5efa\u8a2d\u671f\u9593\u4e2d\u306e\u6bb5\u968e\u7684\u306a\u6295\u8cc7\u3068\u5b8c\u6210\u5f8c\u306e\u53ce\u76ca\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/b><\/span><\/p>\n<p>\u8a2d\u8a08\u8cbb\uff1a-5,000,000\u5186\uff082022\/1\/1\uff09<\/p>\n<p>\u5efa\u8a2d\u8cbb1\uff1a-20,000,000\u5186\uff082022\/4\/1\uff09<\/p>\n<p>\u5efa\u8a2d\u8cbb2\uff1a-30,000,000\u5186\uff082022\/10\/1\uff09<\/p>\n<p>\u5efa\u8a2d\u8cbb3\uff1a-25,000,000\u5186\uff082023\/3\/1\uff09<\/p>\n<p><strong>\u904b\u55b6\u53ce\u5165\u958b\u59cb\uff1a<\/strong><\/p>\n<p>3,000,000\u5186\uff082023\/9\/1\uff09<\/p>\n<p>3,500,000\u5186\uff082024\/1\/15\uff09<\/p>\n<p>&#8230;\uff08\u4ee5\u964d\u7d99\u7d9a\uff09<\/p>\n<p>=XIRR(\u5168CF, \u5168\u65e5\u4ed8)<\/p>\n<h3>M&amp;A\u6295\u8cc7\u306e\u53ce\u76ca\u7387\u8a08\u7b97<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u4f01\u696d\u8cb7\u53ce\u304b\u3089\u914d\u5f53\u53d7\u53d6\u3001\u6700\u7d42\u7684\u306a\u58f2\u5374\u307e\u3067\u306e\u6295\u8cc7\u53ce\u76ca\u7387\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/b><\/span><\/p>\n<div>\n<p>\u8cb7\u53ce\u91d1\u984d\uff1a-500,000,000\u5186\uff082021\/7\/1\uff09<\/p>\n<p>\u8ffd\u52a0\u6295\u8cc7\uff1a-50,000,000\u5186\uff082022\/3\/15\uff09<\/p>\n<p>\u914d\u5f53\u53ce\u5165\uff1a30,000,000\u5186\uff082023\/3\/31\uff09<\/p>\n<p>\u914d\u5f53\u53ce\u5165\uff1a40,000,000\u5186\uff082024\/3\/31\uff09<\/p>\n<p>\u58f2\u5374\u53ce\u5165\uff1a700,000,000\u5186\uff082025\/6\/30\uff09<\/p>\n<p>=XIRR(CF\u7bc4\u56f2, \u65e5\u4ed8\u7bc4\u56f2)<\/p>\n<\/div>\n<h2>XIRR\u95a2\u6570\u306e\u5fdc\u7528\u30fb\u4ed6\u95a2\u6570\u3068\u306e\u7d44\u307f\u5408\u308f\u305b<\/h2>\n<h3>XNPV\u95a2\u6570\u3068\u306e\u9023\u643a<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>XIRR\u3067\u6c42\u3081\u305f\u53ce\u76ca\u7387\u3092\u4f7f\u7528\u3057\u3066NPV\u3092\u691c\u8a3c\u3057\u307e\u3059\u3002<\/b><\/span><\/p>\n<p>\u53ce\u76ca\u7387 = XIRR(CF\u7bc4\u56f2, \u65e5\u4ed8\u7bc4\u56f2)<\/p>\n<p>\u691c\u8a3cNPV = XNPV(\u53ce\u76ca\u7387, CF\u7bc4\u56f2, \u65e5\u4ed8\u7bc4\u56f2)\u00a0 \/\/ \u307b\u307c0\u306b\u306a\u308b\u306f\u305a<\/p>\n<h3>\u611f\u5ea6\u5206\u6790\u306e\u5b9f\u65bd<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u30b7\u30ca\u30ea\u30aa\u5225\u306e\u53ce\u76ca\u7387\u3092\u6bd4\u8f03\u3057\u307e\u3059\u3002<\/b><\/span><\/p>\n<div>\n<p>\u697d\u89b3\u30b7\u30ca\u30ea\u30aa\uff1a=XIRR(\u697d\u89b3CF, \u65e5\u4ed8)<\/p>\n<p>\u57fa\u672c\u30b7\u30ca\u30ea\u30aa\uff1a=XIRR(\u57fa\u672cCF, \u65e5\u4ed8)<\/p>\n<p>\u60b2\u89b3\u30b7\u30ca\u30ea\u30aa\uff1a=XIRR(\u60b2\u89b3CF, \u65e5\u4ed8)<\/p>\n<p>\u671f\u5f85\u53ce\u76ca\u7387 = \u697d\u89b3XIRR * 0.2 + \u57fa\u672cXIRR * 0.6 + \u60b2\u89b3XIRR * 0.2<\/p>\n<\/div>\n<h3>\u6761\u4ef6\u4ed8\u304d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u8a08\u7b97<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u7279\u5b9a\u671f\u9593\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u307f\u3067XIRR\u3092\u8a08\u7b97\u3057\u307e\u3059\u3002<\/b><\/span><\/p>\n<p>=XIRR(IF((\u65e5\u4ed8&gt;=\u958b\u59cb\u65e5)*(\u65e5\u4ed8&lt;=\u7d42\u4e86\u65e5), CF, 0),<\/p>\n<p>IF((\u65e5\u4ed8&gt;=\u958b\u59cb\u65e5)*(\u65e5\u4ed8&lt;=\u7d42\u4e86\u65e5), \u65e5\u4ed8))<\/p>\n<h3>\u6708\u6b21\u53ce\u76ca\u7387\u3078\u306e\u5909\u63db<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u5e74\u7387\u306eXIRR\u3092\u6708\u6b21\u53ce\u76ca\u7387\u306b\u5909\u63db\u3057\u307e\u3059\u3002<\/b><\/span><\/p>\n<p>\u5e74\u7387XIRR = XIRR(CF, \u65e5\u4ed8)<\/p>\n<p>\u6708\u6b21\u53ce\u76ca\u7387 = (1 + \u5e74\u7387XIRR)^(1\/12) &#8211; 1<\/p>\n<h3>\u30cf\u30fc\u30c9\u30eb\u30ec\u30fc\u30c8\u3068\u306e\u6bd4\u8f03<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u6295\u8cc7\u5224\u65ad\u306e\u81ea\u52d5\u5316\u306b\u6d3b\u7528\u3057\u307e\u3059\u3002<\/b><\/span><\/p>\n<p>XIRR\u7d50\u679c = XIRR(CF, \u65e5\u4ed8)<\/p>\n<p>\u30cf\u30fc\u30c9\u30eb\u30ec\u30fc\u30c8 = 0.15\u00a0 \/\/ 15%<\/p>\n<p>\u5224\u5b9a = IF(XIRR\u7d50\u679c &gt; \u30cf\u30fc\u30c9\u30eb\u30ec\u30fc\u30c8, &#8220;\u6295\u8cc7\u63a8\u5968&#8221;, &#8220;\u6295\u8cc7\u898b\u9001\u308a&#8221;)<\/p>\n<h3>\u8907\u6570\u6295\u8cc7\u6848\u4ef6\u306e\u6bd4\u8f03<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u7570\u306a\u308b\u6295\u8cc7\u6848\u4ef6\u306e\u53ce\u76ca\u7387\u3092\u6a19\u6e96\u5316\u3057\u3066\u6bd4\u8f03\u3057\u307e\u3059\u3002<\/b><\/span><\/p>\n<div>\n<p>\u6848\u4ef6A_XIRR = XIRR(\u6848\u4ef6A_CF, \u6848\u4ef6A_\u65e5\u4ed8)<\/p>\n<p>\u6848\u4ef6B_XIRR = XIRR(\u6848\u4ef6B_CF, \u6848\u4ef6B_\u65e5\u4ed8)<\/p>\n<p>\u6848\u4ef6C_XIRR = XIRR(\u6848\u4ef6C_CF, \u6848\u4ef6C_\u65e5\u4ed8)<\/p>\n<p>\u6700\u826f\u6848\u4ef6 = INDEX({&#8220;A&#8221;,&#8221;B&#8221;,&#8221;C&#8221;}, MATCH(MAX(\u6848\u4ef6A_XIRR, \u6848\u4ef6B_XIRR, \u6848\u4ef6C_XIRR),<\/p>\n<p>{\u6848\u4ef6A_XIRR, \u6848\u4ef6B_XIRR, \u6848\u4ef6C_XIRR}, 0))<\/p>\n<\/div>\n<h3>\u671f\u9593\u53ce\u76ca\u7387\u306e\u8a08\u7b97<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u7279\u5b9a\u671f\u9593\u306e\u53ce\u76ca\u7387\u3092\u5e74\u7387\u63db\u7b97\u3067\u8a08\u7b97\u3057\u307e\u3059\u3002<\/b><\/span><\/p>\n<p>\u671f\u9593\u65e5\u6570 = \u6700\u7d42\u65e5 &#8211; \u521d\u65e5<\/p>\n<p>\u671f\u9593\u53ce\u76ca\u7387 = (\u6700\u7d42\u4fa1\u5024 \/ \u521d\u671f\u6295\u8cc7)^(365\/\u671f\u9593\u65e5\u6570) &#8211; 1<\/p>\n<h2>XIRR\u95a2\u6570\u306e\u3088\u304f\u3042\u308b\u30a8\u30e9\u30fc\u3068\u5bfe\u7b56<\/h2>\n<h3>#NUM!\u30a8\u30e9\u30fc\u306e\u539f\u56e0\u3068\u5bfe\u51e6<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u6700\u3082\u983b\u7e41\u306b\u767a\u751f\u3059\u308b\u30a8\u30e9\u30fc\u3067\u3001\u8a08\u7b97\u304c\u53ce\u675f\u3057\u306a\u3044\u5834\u5408\u306b\u8868\u793a\u3055\u308c\u307e\u3059\u3002<\/b><\/span><\/p>\n<p><strong>\u539f\u56e01\uff1a<\/strong>\u3059\u3079\u3066\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u304c\u540c\u3058\u7b26\u53f7<\/p>\n<p>\u8aa4\uff1a=XIRR({1000, 2000, 3000}, \u65e5\u4ed8)\u00a0 \/\/ \u3059\u3079\u3066\u6b63\u306e\u5024<\/p>\n<p>\u6b63\uff1a=XIRR({-5000, 2000, 3000, 1000}, \u65e5\u4ed8)\u00a0 \/\/ \u8ca0\u306e\u5024\u3092\u542b\u3080<\/p>\n<p><strong>\u539f\u56e02\uff1a<\/strong>\u6975\u7aef\u306a\u53ce\u76ca\u7387<\/p>\n<p>\/\/ \u63a8\u5b9a\u5024\u3092\u8abf\u6574\u3057\u3066\u518d\u8a08\u7b97<\/p>\n<p>=XIRR(CF, \u65e5\u4ed8, -0.5)\u00a0 \/\/ \u30c7\u30d5\u30a9\u30eb\u30c8\u306e0.1\u304b\u3089\u5909\u66f4<\/p>\n<p><strong>\u539f\u56e03\uff1a<\/strong>\u53ce\u675f\u3057\u306a\u3044\u8907\u96d1\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc<\/p>\n<p>\/\/ \u6bb5\u968e\u7684\u306b\u63a8\u5b9a\u5024\u3092\u5909\u66f4<\/p>\n<p>=IFERROR(XIRR(CF, \u65e5\u4ed8, 0.1),<\/p>\n<p>IFERROR(XIRR(CF, \u65e5\u4ed8, 0),<\/p>\n<p>IFERROR(XIRR(CF, \u65e5\u4ed8, -0.5), &#8220;\u8a08\u7b97\u4e0d\u53ef&#8221;)))<\/p>\n<h3>#VALUE!\u30a8\u30e9\u30fc\u306e\u5bfe\u51e6<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u5f15\u6570\u306e\u5f62\u5f0f\u306b\u554f\u984c\u304c\u3042\u308b\u5834\u5408\u306b\u767a\u751f\u3057\u307e\u3059\u3002<\/b><\/span><\/p>\n<p><strong>\u539f\u56e01\uff1a<\/strong>\u5024\u3068\u65e5\u4ed8\u306e\u6570\u304c\u4e00\u81f4\u3057\u306a\u3044<\/p>\n<p>=IF(COUNT(CF\u7bc4\u56f2)=COUNT(\u65e5\u4ed8\u7bc4\u56f2),<\/p>\n<p>XIRR(CF\u7bc4\u56f2, \u65e5\u4ed8\u7bc4\u56f2),<\/p>\n<p>&#8220;\u30c7\u30fc\u30bf\u6570\u3092\u78ba\u8a8d&#8221;)<\/p>\n<p><strong>\u539f\u56e02\uff1a<\/strong>\u7121\u52b9\u306a\u65e5\u4ed8\u5f62\u5f0f<\/p>\n<p>=IFERROR(XIRR(CF, \u65e5\u4ed8), &#8220;\u65e5\u4ed8\u5f62\u5f0f\u3092\u78ba\u8a8d&#8221;)<\/p>\n<h3>\u7570\u5e38\u306b\u9ad8\u3044\/\u4f4e\u3044\u53ce\u76ca\u7387<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u73fe\u5b9f\u7684\u3067\u306a\u3044\u53ce\u76ca\u7387\u304c\u8a08\u7b97\u3055\u308c\u308b\u5834\u5408\u306e\u5bfe\u51e6\u6cd5\u3067\u3059\u3002<\/b><\/span><\/p>\n<p>\u7d50\u679c = XIRR(CF, \u65e5\u4ed8)<\/p>\n<p>=IF(OR(\u7d50\u679c &gt; 10, \u7d50\u679c &lt; -0.9),<\/p>\n<p>&#8220;\u7570\u5e38\u5024\uff1a\u30c7\u30fc\u30bf\u3092\u78ba\u8a8d&#8221;,<\/p>\n<p>\u7d50\u679c)<\/p>\n<h3>\u521d\u671f\u6295\u8cc7\u304c\u306a\u3044\u5834\u5408<\/h3>\n<p><span style=\"background-color: 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