Question: Q.) Project Evaluation: Another important feature you are contemplating is the purchase of a new $485 computer-based order entry system. The system will be depreciated

Q.) Project Evaluation: Another important feature you are contemplating is the purchase of a new $485 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $35 at the end of that time. You will save $140 before taxes per year in order processing costs, and you will be able to reduce working capital $60 (this is a one-time reduction). If the tax rate is 24 percent, what is the IRR for this project? (Please provide the excel formulas as well)

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