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Suppose Space X is planning to purchase a new vibration tester for $35,000 at the end of 2023. Starting in 2024, they expect to prevent
Suppose Space X is planning to purchase a new vibration tester for $35,000 at the end of 2023. Starting in 2024, they expect to prevent $15,000, $14,520, and $13,990 worth of scrap every year for the next three years. Find the IRR for this investment. Do you think they should invest in this capital equipment if their MARR is 10%? Type up your equation and show your numerical result
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