X Company is considering producing and selling a new product. After conducting a market research study that cost 54,600, company estimates are that sales of the broduct will be 1.500 unts in each of the next four years, contribution margin per unit will be $6.10, and annual fed costs will be $16,420 In order to produce the new product, additional equipment would have to be purchased, costing $120,000, with no savage value at the end of four years What is the internal rate of return of producing and selling this new product? Submit your rate as a decimal: xx Submit Answer Thes 0/5 Communication Locked Sende