A new manufacturing device costs $10,000 to buy but produces annual benefits of $3250 in reduced production
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A new manufacturing device costs $10,000 to buy but produces annual benefits of $3250 in reduced production costs. The device will operate for 4 years, at which time it will have no resale value. What is the internal rate of return on this investment?
Related Book For
Financial Accounting The Impact on Decision Makers
ISBN: 978-1285182964
9th edition
Authors: Gary A. Porter, Curtis L. Norton
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