What amount is the internal rate of return on this investmen


The following data pertains to an investment proposal:

Required equipment investment $124,000
Annual cost savings $52,000
Projected life of investment 4 years
Projected salvage value $0
Required rate of return 8%

The income tax rate is 28%. what amount is the internal rate of return on this investment closest?

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What amount is the internal rate of return on this investmen
Reference No:- TGS069097

Expected delivery within 24 Hours