The high-tech home of today features computer apps that control air conditioning, heating, and large and small appliances from your smartphone or tablet. For a typical 2,000-square-foot home, the estimated benefits of a certain high-tech home is $2,000 per year. (5.8) If a payback period of five years (or better) is desirable, how much can be justified for the installation of these apps? When N N = = 5 years, what is the internal rate of return?

Answer rating: 100% (QA)

To solve this problem we need to find the maximum justified installation cost and the internal rate ... View the full answer