Question: A company purchased a universal testing machine for P1.22M, with estimates that this would result in quality control cost savings of P188 000 per year

A company purchased a universal testing machine for P1.22M, with estimates

A company purchased a universal testing machine for P1.22M, with estimates that this would result in quality control cost savings of P188 000 per year for 12 years. Determine the IRR realized on this investment if the equipment has no salvage value at the end of 12 years. A. 10% B. 11%

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