Question: does anyone nnow how to do this question problem??? its mangerial accounting thank youuuuuu Exercise 24-20A (Algo) IRR for investment using Excel LO P4 OptiLux

does anyone nnow how to do this question problem??? its mangerial accounting
thank youuuuuu

does anyone nnow how to do this question problem??? its mangerial accounting

Exercise 24-20A (Algo) IRR for investment using Excel LO P4 OptiLux is considering investing in an automated manufacturing system. The system requires an initial invertment of $5.0 miliion, has a 20-year life, and will have zero salvage value. If the system is implemented, the compary will save $620,000 per year in direct labor costs. The company requires a 10% return from its investments. Using Excel, compute the internal rate of return for the proposed investment. (Round your answer to 2 decimal places.)

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