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Installing an automated production system costing $300,000 is initially expected to save Zia Corporation $52,000 in...

Installing an automated production system costing $300,000 is initially expected to save Zia Corporation $52,000 in expenses annually. If the system needs $7,500 in operating and maintenance costs each year and has a salvage value of $30,000 at year 10, what is the IRR of this system? If the should this system be purchased? (show solution steps using trial and error, excel bases solutions are not allowed)

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Answer #1

please rate my answer well. Incase of any doubts, please comment. Thanks

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