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Author Question: Diamond Manufacturing Company provides glassware machines for major department store retailers. The ... (Read 62 times)

Wadzanai

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Diamond Manufacturing Company provides glassware machines for major department store retailers. The company has been investigating a new piece of machinery for its production department. The old equipment has a remaining life of eight years and the new equipment will cost $141,969 with a eight-year life. The expected additional cash inflows are $37,000 per year. What is the internal rate of return?
◦ 13%
◦ 15%
◦ 20%
◦ 23%


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Marked as best answer by Wadzanai on Mar 6, 2021

cam1229

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Wadzanai

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Reply 2 on: Mar 6, 2021
Excellent


upturnedfurball

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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