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Advantages :

1. Can be an indicator for choosing investments - if IRR rate is higher than the cost of the money (or an alternative investment) than it is worth investing in the project if there is no multiple IRR.

Disadvantages :

1. It only checks the rate of return of a project and not the total money that can be generated - for ex. project of 100$ with 20% IRR is better than a 100,000$ with 19$ IRR while in the last you'll stay with a lot more money in the end of the project.

2. There is a risk for multiple IRR

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Q: What is advantage and disadvantage of IRR?
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