The firms marr is 14 determine the irr for the computer


"A firm is considering purchasing a computer system. The following data has been collected.

- Cost of the system: $118,000

- Project life: 6 years

- Salvage value at the end of year 6: $13,000

- Depreciation method: five-year MACRS

- Tax rate: 42%

- Annual revenue from project: $107,000

- Annual expenses (not including depreciation): $77,000

The firm will borrow the entire $118,000 at 8.4% interest to be repaid in 2 annual payments.

The firm's MARR is 14%. Determine the IRR for the computer system. Enter your answer as a percentage between 0 and 100."

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Financial Management: The firms marr is 14 determine the irr for the computer
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