Question
The Pearce Club, Inc., is considering investing in an exercise machine that costs $5,000 and would increase revenues by $1,500 a year for five years.
The Pearce Club, Inc., is considering investing in an exercise machine that costs $5,000 and would increase revenues by $1,500 a year for five years.
Required:
Use Excel to calculate the equipment's internal rate of return. (Ignore income taxes.) Do not enter the percent sign (%). Do not round your interim calculations. Round your final answer to two decimal places. IRR:______%
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Accounting Information Systems
Authors: Robert Hurt
4th Edition
78025885, 78025884, 9781259293795 , 978-0078025884
