Phoxcois considering automating its production line at cost of $40,000 to acquire the necessary equipment. The annual
Fantastic news! We've Found the answer you've been seeking!
Question:
Phoxcois considering automating its production line at cost of $40,000 to acquire the necessary equipment. The annual cost savings are expected to be $8,000 for 14 years. The firm requires a 20% rate of return. Ignore income taxes. What is the internal rate of return on this investment?
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date: