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)