Newcastle Fisheries is planning on restarting the salmon hatchery it began in 1887. The new design will
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Newcastle Fisheries is planning on restarting the salmon hatchery it began in 1887. The new design will cost $9,500. Annual operating costs will be $550 and the equipment will have a salvage value of $1,000 after 30 years. Annual benefits are estimated to be $2,200; annual disbenefits, $350. If the MARR is 10%, what is the (closest) IRR?
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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