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Using the numbers below, what is the IRR? Show work to producing answer. Sales: $60 x 1500 Labor: $15 Material: $5 Rent: $15,000 Utilities: $5,000

Using the numbers below, what is the IRR? Show work to producing answer.

Sales: $60 x 1500

Labor: $15

Material: $5

Rent: $15,000

Utilities: $5,000

Equipment: $75,000 SL/5 years, no salvage value

Tax rate: 30%

Discount rate: 15%

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