Question: (a) Given the following data: Based on the data given, calculate the annual cash flows of the project. (5 marks) Arthur operates a part-time auto
(a) Given the following data: Based on the data given, calculate the annual cash flows of the project. (5 marks) Arthur operates a part-time auto repair service. He estimates that a new diagnostic computer system which costs RM7,000 will result in increased cash inflows of RM2,100 in Year 1 , RM3,200 in Year 2, and RM4,000 in Year 3. Calculate the internal rate of return of this investment. (7 marks)
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