X Company is considering producing and selling a new product. After conducting a market research study that cost $4,000, company estimates are that sales of the product will be 8,400 units in each of the next four years, contribution margin per unit will be $5.90, and annual fixed costs will be $14,928 In order to produce the new product, additional equipment would have to be purchased, costing $120,000, with no salvage value at the end of four years. What is the internal rate of return of producing and selling this new product? Use the present value tables in the Coursepack 1 OA: 0.03 08:0.04 OC: 0.05 OD: 0.06 OE 0.07 OF: 0.08 Submit Anwwer Tries 0/99 Send Feedback * Company is considering producing and selling a new product. After conducting a market research study that cost $4,000, company estimates are that sales of the product will be 8,400 units in each of the next four years, contribution margin per unit will be 55.90, and annual fixed costs will be $14,928 In order to produce the new product, additional equipment would have to be purchased, costing $120,000, with no salvage value at the end of four years. What is the internal rate of return of producing and selling this new product Use the present value tables in the Coursepack A: 0.03 OB: 0.04 OC: 0.05 OD: 0.06 OE: 0.02 OF. 0.08 Subwower Answer Submitted: Your final submission will be graded after the due date. Tries 1/99 Previous This