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Express Mover Sdn Bhd is planning to purchase a new crane to support on demand increasing. The new crane will cost RM 500,000 and it

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Express Mover Sdn Bhd is planning to purchase a new crane to support on demand increasing. The new crane will cost RM 500,000 and it required RM10,000 annually for the maintenance. With this new system, the company is expected to gain RM100,000 annually. The new crane is reliable in 10 years and the interest rate is 9%. Using IRR analysis, evaluate the plan. It is worth for the company to proceed with the planning? (10 marks)

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