IRR / NPV

S J MITRA (CA , DISA (ICAI)) (29 Points)

10 May 2007  
For IRR calculation ( related to bank loan financing) We have to calculate cash inflow and cash outflow . Now what does cash inflow ACTUALLY mean -- Is it NET PROFIT as per P&L a/c + DEP.
                                                      OR
"Cash Generarted from OPERATION " as per cash flow statement?