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HW.C-6 Saved 5 Your firm is contemplating the purchase of a new $605,000 computer-based order entry system. The system will be depreciated straight-line to zero

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HW.C-6 Saved 5 Your firm is contemplating the purchase of a new $605,000 computer-based order entry system. The system will be depreciated straight-line to zero over its 5-year life. It will be worth $89,000 at the end of that time. You will save $188,000 before taxes per year in order processing costs, and you will be able to reduce working capital by $104,000 (this is a one-time reduction). If the tax rate is 21 percent, what is the IRR for this project?TDO not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) 10 point Wipped IRR % Book Print References

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