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Current Attempt in Progress Susan just graduated from college. Since she is starting her own business, it's time to upgrade from her clunker to
Current Attempt in Progress Susan just graduated from college. Since she is starting her own business, it's time to upgrade from her clunker to a reliable vehicle. Susan has the option to purchase a new car for her business at a cost of $17,640 (life of 7 years with no salvage value), estimating that it would help her bring in additional annual net operating cash flows of $9,000 over the life of the car Determine the simple payback period and the IRR for this investment. Susan expects her business income to be subject to a 30% tax rate. (Round simple payback period to 3 decimal places, eg 15.256 and IRR to 2 decimal places, es 15.25% Round intermediate calculations to 2 decimal places, eg 15.25) Simple payback period IRR years %
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