An investment that costs ($ 79,100) will reduce operating costs by ($ 14,000) per year for 10

Question:

An investment that costs $\$ 79,100$ will reduce operating costs by $\$ 14,000$ per year for 10 years. Determine the internal rate of return of the investment (ignore taxes). Should the investment be undertaken if the required rate of return is 18 percent?

Fantastic news! We've Found the answer you've been seeking!