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A computer call center is going to replace all of its incandescent lamps with more...

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Accounting

A computer call center is going to replace all of its incandescent lamps with more energy efficient fluorescent lighting fixtures. The total energy savings are estimated to be $1,875 per year, and the cost of purchasing and installing the fluorescent fixtures is $4,900. The study period is five years, and terminal values for the fixtures are negligible. What is the IRR of this investment? Express your answer in percent rounded to two decimal places.

STEP BY STEP SOLUTION PLS NO (P/A, %)

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