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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
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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 $ per year. Nancy can buy a used truck for $ that will be adequate for the next years. Operating and maintenance costs are estimated to be $ per year. At the end of years, the used truck will have an estimated salvage value of $ Nancy's MARR is ear.
a What is this investment's internal rate of return?
IRR Do all calculations to decimal places and round final answer to the whole number. The tolerance is
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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