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Required information The following information applies to the questions displayed below.] A company is investing in a solar panel system to reduce its electricity costs.
Required information The following information applies to the questions displayed below.] A company is investing in a solar panel system to reduce its electricity costs. The system requires a cash payment of $118,982.50 today. The system is expected to generate net cash flows of $10,209 per year for the next 35 years. The investment has zero salvage value. Compute the internal rate of return on this investment. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Amount Invested 0 Annual Net Cash Flow = Present Value Factor Internal Rate of Return
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