The actual cost of a material is $2.33 per produced unit. A Six sigma team develop a productivity project that reduce the cost to $2.20 per produced unit. The total production is 13054 units in a yoar. The project required a new equipment with a cost of $3053. Without depreciation and leaming curve, determine the IRR of the investrnent. Uso two decimal points. Answer Formula: (0.13A) 13054= From 10,000 to 20,000 Decimal: 0 Precision Decimal: 2 3053= From $3,000 to $5,000 Decimal: 0