Kings Department store is contemplating the purchase of a new machine at a cost of $24032 The machine will provide $3700 per year in cash flow for 11 years Kings has a cost of capital of
King's Department store is contemplating the purchase of a new machine at a cost of $24,032. The machine will provide $3,700 per year in cash flow for 11 years. King's has a cost of capital of 12 percent Use Appendix D. (a) What is the internal rate of return? (Round "PV Factor" to 3 decimal places. Round your answer to the nearest whole percent. Omit the sign in your response.) Internal rate of return (b) Should the project be undertaken? Yes No
Apr 01 2020 View more View Less
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