An investment that costs $182,929 will reduce operating costs by $35,070 per year for 10...
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Accounting
An investment that costs $182,929 will reduce operating costs by $35,070 per year for 10 years. Determine the internal rate of return of the investment (ignore taxes).
(Round present value factor calculations to 4 decimal places, e.g. 1.2151 and final answer to 0 decimal places, e.g. 17%.)
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Internal rate of return ? %
Should the investment be undertaken if the required rate of return is 18 percent?
| The investment select an option shouldshould not be undertaken. |
Please show and explain all work
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