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Sony Corporation las invested $5.6 million in developing super-thin TVs based on new, organic light-emitting diode technology. The company plans to produce 24.000 units each

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Sony Corporation las invested $5.6 million in developing super-thin TVs based on new, organic light-emitting diode technology. The company plans to produce 24.000 units each year for the next five years. The annual production and operating cost is estimated at $350 per unit and will be sold a $400 per unit. Use the internal rate of return method to determine if this investment is worthwhile, assuming the MARR is 5%. (25 points)

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