In this video, we tackle solving for the effective Internal Rate of Return (IRR) for projects with non-annual cash flows. Aimed at finance students and professionals, this tutorial bridges concepts from Time Value of Money and Capital Budgeting to calculate annual IRRs from multi-year cash flow scenarios. We cover step-by-step methods to visualize cash flows, apply IRR formulas, and adjust for annualized rates using the effective periodic rate formula. Whether you're preparing for exams like CFA Level 1 or mastering MBA-level finance, this video equips you with the skills to confidently handle complex IRR questions.