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Required information A potential investment has a cost of $440,000 and a useful life of 8 years. Annual cash sales from the investment are expected

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Required information A potential investment has a cost of $440,000 and a useful life of 8 years. Annual cash sales from the investment are expected to be $291,472 and annual cash operating expenses are expected to be $114,822. The expected salvage value at the end of the investment's life is $40,000. The company has a before-tax discount rate of 18%. Required: Calculate the following. (Round dollar amounts to the nearest whole dollar and IRR to one decimal place (i.e. .055 = 5.5\%). Enter negative amounts with a minus sign)

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