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Quick Check

GHS Industries is considering the purchase of new equipment, that has an initial cost of $$426,455$ and an expected useful life of $5$ years. The equipment is expected to generate annual net cash inflows of $$98,500$ for each of those years. If the minimum required rate of return for GHS Industries is $7\%$ what is the IRR for this purchase?

a$.$ Less than $2\%$

b$.5\mathrm{.}0\%$

c$.7\%$

d$.15\%$

And here's a quick check

for utortester understanding with on IRR.

Deep Gupta