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2. Tiger Auto is considering investing in a conveyor system that fully automates the package final inspection process. The new system enables the company save

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2. Tiger Auto is considering investing in a conveyor system that fully automates the package final inspection process. The new system enables the company save money from labor and employee insurance expenses. The expected cash flows are given below. Years 0 1 Cash Flow -S13,000 $5,000 $8,600 $8,000 2 3 2a. Make at least two iterations of trial and error method starting with 35% interest rate and find an interval for internal rate of return (IRR) of this conveyor system. (Between two consecutive integers, e.g. 8%

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