=+El5-18 Internal rate ofreturn method Obj 2 IBM recently saved $250 million over three years by implementing

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=+El5-18 Internal rate ofreturn method Obj 2 IBM recently saved $250 million over three years by implementing supply chain software that reduced the cost of components used in its manufacture of computers. Ifwe assume that the savings occurred equally over the three years and the cost ofimplementing the new software was $175,500,000, what would be the internal rate ofreturn for this investment? Use the present value of an annuity of $1 table found in Exhibit 2 in determining your answer.

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