Question: JTM is considering purchasing a new 3 - D printer costing $ 6 0 2 , 0 0 0 . The manufacturer is offering a

JTM is considering purchasing a new 3-D printer costing $602,000.
The manufacturer is offering a payment plan in which JTM pays 30%
down and finances the rest over 12 months at $36,500// month . What isthe implicit financing rate? If JTM's WACC is 7.5%, should it accept
the financing offer?
SPECIFICALLY WHAT IS THE IRR AND HOW DO YOU DO THE FORMULA IN EXCEL
JTM is considering purchasing a new 3 - D printer

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