The local supermarket is considering investing in self checkout kiosks for its customers. The self checkout kiosks will cost $48,000 and have no residual value. Management expects the equipment to result in net cash savings over three years as customers grow accustomed to using the new technology: $14,000 the first year, $21,000 the second year, $27,000 the third year. The company has already determined that the net present value of the investment at a 14% discount rate is $(1,348). What is the approximate internal rate of return (IRR) of the kiosk investment?

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This Question: 12 pts The local supermarket is considering investing in self.checkout kiosks for its customers. The self.checkout kiosks will cos accustomed to using the new technology: $14,000 the first year, $21,000 the second year, $27,000 the third year. The cor Click the icon to view the present value of an anuily table) (Cick the icon to view the present value table) (Click the icon to view the future value of an annuity table) (Click the icon to view the future value table ) internal rate of return (IRR) of the kiosk investment? the IRR must be 1490 Since the NPV at 14% is Now calculate the NPV at 12% (Round your answer to the nearest whole dollar Use parentheses or a minus sign for a nega The NPV is s The NPV is ?1 at 12%, Therefore, the IRR must be Enter any number in the edit fields and then continue to the next question. Type here to search