What annual benefit must the dell laptop provide so the irr, Financial Management

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What annual benefit must the dell laptop provide so the irr

Compare two Laptops:

Dell

Initial Cost = $500. Useful Life = 10 years. No Salvage Value

HP:

Initial Cost =$350. Annual Benefit = $100. Useful Life = 5 years. No Salvage Value.

What annual benefit must the Dell laptop provide so the IRR will meet an MARR of 9%? Please solve by hand

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Financial Management: What annual benefit must the dell laptop provide so the irr

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