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Your firm is contemplating the purchase of a new $595,000 computer-based order entry system. The system will be depreciated straight tine to zero over its

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Your firm is contemplating the purchase of a new $595,000 computer-based order entry system. The system will be depreciated straight tine to zero over its five-year If be worth $63,000 ot the end of that time. You will sove $225.000 before taxes per year in order processing costs, and you will be able to reduce working capital by $78,000 (this is a one-time reduction). If the tax rate is 23 percent, what is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) (3) Answer is complete but not entirely correct

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