Question: Question 3 1 p A firm is considering purchasing a computer system. The following data has been collected. Cost of the system: $175,000 - Project

Question 3 1 p "A firm is considering purchasing a computer system. The following data has been collected. Cost of the system: $175,000 - Project life: 6 years Salvage value at the end of year 6: $14,000 - Depreciation method: five-year MACRS -Tax rate: 21% Annual revenue from project: $132.000 - Annual expenses (not including depreciation): $84.000 The firm will borrow the entire $175,000 at 5.7% interest to be repaid in 2 annual payments. The firm's MARR is 14%. Determine the IRR for the computer system. Enter your answer as a percentage rounded to the nearest tenth of a percent

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