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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

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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 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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