brixton products is considering the purchase of a


Brixton Products is considering the purchase of a new $520,000 computer-based entry order system.  The cost of the system will be depreciated on a straight-line basis over its five-year life.  Brixton plans to sell the applicable computer gadgets at the end of five years for $40,000.  During the five-year life of the project, Brixton will kept $160,000 each year in order-processing costs.  What is the approximate internal rate of return for this project?  Ignore income taxes.   

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Financial Management: brixton products is considering the purchase of a
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