Question: Use a BA II PLUS calculator using the CF (cash flow) tool or excel to solve this problem A company is considering purchasing equipment costing
A company is considering purchasing equipment costing \\( \\$ 185,000 \\). The equipment is expected to reduce costs from year 1 to 4 by \\( \\$ 50,000 \\), year 5 to 9 by \\( \\$ 20,000 \\), and in year 10 by \\( \\$ 4,000 \\). In year 10 , the equipment can be sold at a salvage value of \\( \\$ 1,000 \\). Calculate the internal rate of return (IRR) for this proposal. The internal rate of return is \. (Round to the nearest tenth as needed.)
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