The system will cost 50000 and will have no market value at


A drug store is looking into the possibility of installing a 24/7 automated prescription refill system to increase its projected revenues by $20,000 per year over the next five years. Annual expenses to maintain the system are expected to be $5,000. The system will cost $50,000 and will have no market value at the end of the five-year study period. Calculate the IRR for this investment.

Solution Preview :

Prepared by a verified Expert
Business Economics: The system will cost 50000 and will have no market value at
Reference No:- TGS02921243

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)