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Crane Company is considering a long-term investment project called ZIP.ZIP will require an investment of $117,530. It will have a useful life of 4 years
Crane Company is considering a long-term investment project called ZIP.ZIP will require an investment of $117,530. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,500, and annual cash outflows would increase by $40,250. The company's required rate of return is 12%. Click here to view the factor table. Calculate the internal rate of return on this project. (Round answers to 0 decimal places, e.g. 15%.) Internal rate of return on this project is between % and %. Determine whether this project should be accepted? The project be accepted
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