17.An investment is being considered can be purchased and installed for $69,662 and will save an estimated $2,160 each year over a 32-year period. The company uses a MARR of 12 percent per year in its economic evaluations of the new system. The market value of the system will be $36,000 at the end of 32 years. Write the correct equation to determine if this system should be installed using the IRR method. |