A company is investing in a solar panel system to reduce its electricity costs. The system requires a cash payment of $125,374.60 today. The system is expected to generate net cash flows of $13,000 per year for the next 35 years. The investment has zero salvage value. Compute the internal rate of return on this investment.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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A company is investing in a solar panel system to reduce its electricity costs. The system requires a cash payment
of $125,374.60 today. The system is expected to generate net cash flows of $13,000 per year for the
next 35 years. The investment has zero salvage value. Compute the internal rate of return on this investment.

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