Question
A company purchased a universal testing machine for $1.22M, with estimates that this would result in quality control cost savings of $188 000 per year
A company purchased a universal testing machine for $1.22M, with estimates that this would result in quality control cost savings of $188 000 per year for 12 years. Determine the IRR realized on this investment if the equipment has no salvage value at the end of 12 years.
A. 10%
B. 11%
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Macroeconomics
Authors: Charles I. Jones
3rd edition
978-0393123944, 393123944, 393923908, 978-0393923902
