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Sarah just graduated from college. Since she is starting her own business, it's time to upgrade from her clunker to a reliable vehicle. Sarah has

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Sarah just graduated from college. Since she is starting her own business, it's time to upgrade from her clunker to a reliable vehicle. Sarah has the option to purchase a new car for her business at a cost of $23,232 (life of 7 years with no salvage value), estimating that it would help her bring in additional annual net operating cash flows of $9,600 over the life of the car. Determine the simple payback period and the IRR for this investment. Sarah expects her business income to be subject to a 30% tax rate. (Round simple payback period to 3 decimal places, es. 15.256 and IRR to 2 decimal places, eg. 15.25\%. Round intermediate calculations to 2 decimal places, es. 15.25.) Simple payback period years IRR Sarah just graduated from college. Since she is starting her own business, it's time to upgrade from her clunker to a reliable vehicle. Sarah has the option to purchase a new car for her business at a cost of $23,232 (life of 7 years with no salvage value), estimating that it would help her bring in additional annual net operating cash flows of $9,600 over the life of the car. Determine the simple payback period and the IRR for this investment. Sarah expects her business income to be subject to a 30% tax rate. (Round simple payback period to 3 decimal places, es. 15.256 and IRR to 2 decimal places, eg. 15.25\%. Round intermediate calculations to 2 decimal places, es. 15.25.) Simple payback period years IRR

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