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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

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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 11853 units in a year. The project required a new equipment with a cost of $4132. Without depreciation and learning curve, determine the IRR of the investment. Use two decimal points. Answer Formula: (0.13A) 11853= From 10,000 to 20,000 Decimal: 0 Precision Decimal: 2 4132= From $3,000 to $5,000 Decimal: 0 Answer Range: +10.02 Number of sets 20

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