Moore Water Softeners is considering a new project to upgrade their water softening system. The...
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Accounting
Moore Water Softeners is considering a new project to upgrade their water softening system. The initial investment for the project is $575,000. They estimate that they will gain an additional $94,000 in revenues and spend an extra $17,000 on expenses. They expect to use this new system for 15 years. What is the internal rate of return factor for this project?
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