Calculate the equipment internal rate of return


The Pearce Club, Inc., is considering investing in an exercise machine that costs $5,000 and would increase revenues by $1,500 a year for five years. The machine would be depreciated using the straight-line method over its useful life and have no salvage value. Calculate the equipment's internal rate of return. Assume that the tax rate is 30 percent.

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Accounting Basics: Calculate the equipment internal rate of return
Reference No:- TGS077134

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