2. (30%) Antonio & Raquel (A&R) wedding planners are considering the purchase of a luxurious limousine. It would last 15 years and have a salvage value of $22,000. This purchase would generate a net inflow of $43,000/year. However, it has a hefty price tag of $240,000. Required: Determine the Internal Rate of Return (IRR) of the aforementioned investment.

2. (30%) Antonio \& Raquel (A\&R) wedding planners are considering the purchase of a luxurious limousine. It would last 15 years and have a salvage value of $22,000. This purchase would generate a net inflow of $43,000/ year. However, it has a hefty price tag of $240,000. 2. (30%) Antonio \& Raquel (A\&R) wedding planners are considering the purchase of a luxurious limousine. It would last 15 years and have a salvage value of $22,000. This purchase would generate a net inflow of $43,000/ year. However, it has a hefty price tag of $240,000