Question
The following data pertain to an investment proposal: Required equipment investment 124,000 Annual cost savings 52,000 Projected life of investment 4 years Projected salvage value
The following data pertain to an investment proposal:
Required equipment investment 124,000
Annual cost savings 52,000 Projected life of investment 4 years
Projected salvage value 0
Required rate of return .8%
The income tax rate is 28%. To which amount is the internal rate of return on this investment closest?
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Financial Reporting International Standards
Authors: Graham Eaton
1st Edition
0750662379, 978-0750662376
