(Ignore income taxes in this problem.) The management of Tucker Corporation is considering the purchase of a automated wrapping machine that would cost $595,702, would have a useful life of 12 years, and would have no salvage value. The automated wrapping machine would result in cash savings of $75,000 per year due to lower labor and other costs.
Determine the internal rate of return on the investment in the new automated molding machine.

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The Answer of (Ignore income taxes in this problem.) The management of Tucker Corporation is considering the purchase of a automated wrapping machine that would cost $595,702, would have a useful life of 12 years, and would have no salvage value. The automated wrapping machine would result in cash savings of $75,000 per year due to lower labor and other costs.
Determine the internal rate of return on the investment in the new automated molding machine.

(Ignore Income Taxes in This Problem