Excel MIRR vs IRR

When looking to compare similar projects tools such as IRR and MIRR are used.  But what's the difference between these two when used for capital budgeting ranking? A major difference is that for IRR the cash inflows are reinvested at the project's IRR, while the MIRR is using an alternative re-investment rate for the cash inflows.  The video covers the basics of how to use the Excel IRR and MIRR functions.