The proprietor of Qwik Film Lab recently purchased $12,400 of new film-processing equipment. She expects that this investment, which has a useful life of 4 yr, will yield returns of $4,400 at the end of the first year, $5,200 at the end of the second year, $4,300 at the end of the third year, and $3,100 at the end of the fourth year. Find the internal rate of return on the investment.

Round your answer to the nearest hundredth, if necessary.

__________ % per yr

Question

The proprietor of Qwik Film Lab recently purchased $12,400 of new film-processing equipment. She expects that this investment, which has a useful life of 4 yr, will yield returns of $4,400 at the end of the first year, $5,200 at the end of the second year, $4,300 at the end of the third year, and $3,100 at the end of the fourth year. Find the internal rate of return on the investment.
​
Round your answer to the nearest hundredth, if necessary.
​
__________ % per yr

Quizplus · Accepted Answer

The Answer of The proprietor of Qwik Film Lab recently purchased $12,400 of new film-processing equipment. She expects that this investment, which has a useful life of 4 yr, will yield returns of $4,400 at the end of the first year, $5,200 at the end of the second year, $4,300 at the end of the third year, and $3,100 at the end of the fourth year. Find the internal rate of return on the investment.
​
Round your answer to the nearest hundredth, if necessary.
​
__________ % per yr

The Proprietor of Qwik Film Lab Recently Purchased $12,400 of New