1 pts High Kicks Manufacturing makes shoes to be sold at retail stores. They want to buy...
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1 pts High Kicks Manufacturing makes shoes to be sold at retail stores. They want to buy a new machine that will make the shoes more durable to raise sales and cut waste costs. The machine will cost $167,500. The cash flows resulting from the investment are as follows: Year 1: $50,000; Year 2: $100,000; Year 3: $145,000; Year 4: $300,000; Year 5: $200,000. Calculate the IRR of the project.
Related Book For
Managerial Accounting An Integrative Approach
ISBN: 9780999500491
2nd Edition
Authors: C J Mcnair Connoly, Kenneth Merchant
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