Ridman Academy is considering replacing their heating, ventilation and air conditioning (HVAC) system at a cost of $245,000. Annual cash savings from the new more efficient system will be $35,000 over the next 20 years. What is the internal rate of return for the project?

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The Answer of Ridman Academy is considering replacing their heating, ventilation and air conditioning (HVAC) system at a cost of $245,000. Annual cash savings from the new more efficient system will be $35,000 over the next 20 years. What is the internal rate of return for the project?

Ridman Academy Is Considering Replacing Their Heating, Ventilation and Air