Question: ( PROJECT MANAGEMENT ) Internal rate of return method :- A machine can reduce annual cost by $40,000. The cost of the machine is 223,000

(PROJECT MANAGEMENT)

Internal rate of return method :- A machine can reduce annual cost by $40,000. The cost of the machine is 223,000 and the useful life is 15 years with zero residual value.

Required :-

- Is it an acceptable investment if cost of capital is 16%?.

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