Video Tutorial:

The value of the model is that it takes cash flows on a monthly basis and you can dynamically change the start/end dates of each project and the right IRR will populate accordingly, no matter what month is chosen to start/end.

There is also a consolidated IRR result.

You will see a comparison chart for IRR vs. required rate of return analysis as well as some approve/reject conditional formatting.

The main inputs include entering the name of each project, how much each project costs and the month it starts, the start/end date of cash flows, and a possible exit cash flow.