Question: Hi, this is the second time I'm asking this. Please find the IRR. Your firm is contemplating the purchase of a new $530,000 computer-based order

Hi, this is the second time I'm asking this. Please find the IRR.

Your firm is contemplating the purchase of a new $530,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $50,000 at the end of that time. You will save $310,000 before taxes per year in order processing costs, and you will be able to reduce working capital by $65,000 (this is a one-time reduction). If the tax rate is 25 percent, what is the IRR for this project? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. ine [ar

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