Briet Exercise 12-24 Internal Rate of Return Lisun Company produces a variety of gardening tools and aids. The compining he possibility of investing in a new production system that will reduce the cos of the system. The new system will require a cash investment of S4,607.200 and will prodce savings of $800,000 per year. The system has a projected life of 9 years Required: Calculate the IRR for the new production system. Briet Exercise 12-24 Internal Rate of Return Lisun Company produces a variety of gardening tools and aids. The compining he possibility of investing in a new production system that will reduce the cos of the system. The new system will require a cash investment of S4,607.200 and will prodce savings of $800,000 per year. The system has a projected life of 9 years Required: Calculate the IRR for the new production system