Question: This question is weong can you resolve it ? Problem 1 0 - 1 6 Project Evaluation [ LO 1 ] Your firm is contemplating

This question is weong can you resolve it?
Problem 10-16 Project Evaluation [LO1]
Your firm is contemplating the purchase of a new $505,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $47,000 at the end of that time. You will save $149,000 before taxes per year in order processing costs, and you will be able to reduce working capital by $72,000(this is a one-time reduction). If the tax rate is 24 percent, what is the IRR for this project?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
IRR
%
This question is weong can you resolve it ?

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