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Author Question: Press Smart's pressing machine sells for $185,556. At this price, the annual cost savings that the ... (Read 33 times)

jmoore1989

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Press Smart's pressing machine sells for $185,556. At this price, the annual cost savings that the pressing machine will generate for Rob's Dry Cleaner over its 8-year life will yield an internal rate of return of 12%.  Rob's Dry Cleaner requires that all projects achieve a return of 15%.  

Required:

What price does Rob's Dry Cleaner need to negotiate with Press Smart so that the system will achieve that return?


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Marked as best answer by jmoore1989 on Feb 5, 2023

koung719

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jmoore1989

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Reply 2 on: Feb 5, 2023
Gracias!


dreamfighter72

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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