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Question 1 of 3 - 3 Current Attempt in Progress Nancy's Notions pays a delivery firm to distribute its products in the metro area. Delivery

Question 1 of 3
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Current Attempt in Progress
Nancy's Notions pays a delivery firm to distribute its products in the metro area. Delivery costs are $30,000 per year. Nancy can buy a used truck for $11,000 that will be adequate for the next 3 years. Operating and maintenance costs are estimated to be $23,000 per year. At the end of 3 years, the used truck will have an estimated salvage value of $3,000. Nancy's MARR is 24%year.
a. What is this investment's internal rate of return?
IRR=% Do all calculations to 5 decimal places and round final answer to the whole number. The tolerance is +-1.
b. What is the decision rule for judging the attractiveness of investments based on internal rate of return?
c. Should Nancy buy the truck?
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