Business, 06.05.2020 05:17, Cjdjejfjiv8568

Internal Rate of Return Richins Company produces automobile engine parts. The company is examining the possibility of investing in a new production system that will reduce the costs of the current system. The new system will require a cash investment of $11,551,968 and will produce net cash savings of $1,800,000 per year. The system has a projected life of 10 years. Required:
Calculate the IRR for the new production system.

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Internal Rate of Return Richins Company produces automobile engine parts. The company is examining t...