Oakridge Appliances is deciding whether to purchase a machine for $84,000 that is expected to yield the following net cash flow savings:
Year 1 $25,000
Year 2 $40,000
Year 3 $45,000
What is the internal rate of return on this project?

Question

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The Answer of Oakridge Appliances is deciding whether to purchase a machine for $84,000 that is expected to yield the following net cash flow savings:
Year 1 $25,000
Year 2 $40,000
Year 3 $45,000
What is the internal rate of return on this project?

Oakridge Appliances Is Deciding Whether to Purchase a Machine for $84,000