Question: Kindly explain your answer in detail. USE trial and error method. Kindly explain your answer in detail. USE trial and error method. A company purchases

Kindly explain your answer in detail. USE trial and error method. Kindly explain your answer in detail. USE trial and error method.

A company purchases a new machine with an initial cost of $15,000 and a salvage value of $1,800. Net revenues in the end of year 1 are $8,000, $8,150 in year 2, and increase by $150 each year the following 8 years. Using an MARR of 12%. Find the IRR for this project, is it good or bad investement

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