Question
An education authority is considering the implementation of a CCTV (closed circuit television) security system in one of its schools. Details of the proposed project
An education authority is considering the implementation of a CCTV (closed circuit television)
security system in one of its schools. Details of the proposed project are as follows:
Life of project 5 years
Initial cost $75,000
Annual savings:
Labor costs $20,000
Other costs $5,000
NPV at 15% $8,800
What is the internal rate of return for this project?
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Managerial Accounting
Authors: John J Wild, Ken W. Shaw, Barbara Chiappetta
7th edition
1260482936, 978-1260482935
