Question
Skysong, Inc. is considering purchasing equipment costing $38000with a 6-year useful life. The equipment will provide annual cost savings of $9243and will be depreciated straight-line
Skysong, Inc. is considering purchasing equipment costing $38000with a 6-year useful life. The equipment will provide annual cost savings of $9243and will be depreciated straight-line over its useful life with no salvage value.Skysongrequires a 10% rate of return.
Present Value of an Annuity of 1Period8%9%10%11%12%15%64.6234.4864.3554.2314.1113.784
What is the approximate internal rate of return for this investment?
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Payroll Accounting 2018
Authors: Bernard J. Bieg, Judith Toland
28th edition
1337291056, 978-1337291057, 1337291137, 9781337291132, 9781337516686 , 978-1337291040
