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5 of 16 < -12 E View Policies Current Attempt in Progress Dinshaw Company is considering the purchase of a new machine. The invoice price
5 of 16 < -12 E View Policies Current Attempt in Progress Dinshaw Company is considering the purchase of a new machine. The invoice price of the machine is $72,490, freight charges are estimated to be $2,690, and installation costs are expected to be $7,820. The annual cost savings are expected to be $14,990 for 9 years. The firm requires a 22% rate of retum. Ignore income taxes. What is the internal rate of return on this investment? (Round answer to O decimal places, eg. 15%) Click here to view PV table. Internal rate of return Save for Later Attempts: 0 of 1 used Submit
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