Purchase of new equipment	$ 250,000.00
Expected annual increase in sales	$ 48,017.50
Time frame	7	years
Acceptable rate needed	9%
Calculate the Internal Rate of Return:
PV of annuity factor	??
Internal rate of return	??
Accept or reject	??

n	1%	2%	3%	4%	5%	6%	8%	10%	12%
1	0.9901	0.9804	0.9709	0.9615	0.9524	0.9434	0.9259	0.9091	0.8929
2	1.9704	1.9416	1.9135	1.8861	1.8594	1.8334	1.7833	1.7355	1.6906
3	2.941	2.8839	2.8286	2.7751	2.7233	2.673	2.5771	2.4869	2.4018
4	3.902	3.8077	3.7171	3.6299	3.546	3.4651	3.3121	3.1699	3.0374
5	4.8534	4.7135	4.5797	4.4518	4.3295	4.2124	3.9927	3.7908	3.6048
6	5.7955	5.6014	5.4172	5.2421	5.0757	4.9173	4.6229	4.3553	4.1114
7	6.7282	6.472	6.2303	6.0021	5.7864	5.5824	5.2064	4.8684	4.5638
8	7.6517	7.3255	7.0197	6.7327	6.4632	6.2098	5.7466	5.3349	4.9676
9	8.566	8.1622	7.7861	7.4353	7.1078	6.8017	6.2469	5.759	5.3283
10	9.4713	8.9826	8.5302	8.1109	7.7217	7.3601	6.7101	6.1446	5.6502
11	10.3676	9.7869	9.2526	8.7605	8.3064	7.8869	7.139	6.4951	5.9377
12	11.2551	10.5753	9.954	9.3851	8.8633	8.3838	7.5361	6.8137	6.1944
13	12.1337	11.3484	10.635	9.9857	9.3936	8.8527	7.9038	7.1034	6.4236
14	13.0037	12.1063	11.2961	10.5631	9.8986	9.295	8.2442	7.3667	6.6282
15	13.8651	12.8493	11.938	11.1184	10.3797	9.7123	8.5595	7.6061	6.8109