General Hospital is planning to add a new diagnostic machine which should improve its quality of certain

Question:

General Hospital is planning to add a new diagnostic machine which should improve its quality of certain blood tests. The machine under consideration has a cost of $67,363 and is expected to save the hospital $8,060 each year. The machine has an expected useful life of 13 years. Calculate the on the diagnostic machine. (Round answer to 0 decimal places, e.g. 1696.)
Internal Rate of Return
Internal Rate of Return of IRR is a capital budgeting tool that is used to assess the viability of an investment opportunity. IRR is the true rate of return that a project is capable of generating. It is a metric that tells you about the investment...