Concrete Corp plans on buying a new mixture at a cost of $150,000. The after tax benefit from this investment will be $23,000 each year for the next 12 years. What is the internal rate of investment? (Round to one decibmal place and do not enter the % sign in your answer)

Concrete Corp plans on buying a new mixture at a cost of $150,000. The after tax benefit from this investment will be $23,000 each year for the next 12 years. What is the internal rate of investment? (Round to one decibmal place and do not enter the % sign in your answer)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 17EB: Caduceus Company is considering the purchase of a new piece of factory equipment that will cost...

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