Please do not give solution in image format thanku Barron Chemical uses a thermoplastic polymer to enhance the appearance of certain RV panels. The initial cost of one process was$122,000 with annual costs of $45,000. Revenues are $79,000 in year 1, increasing by $1000 per year. A salvage value of $21,000was realized when the process was discontinued after 8 years. What rate of return did the company make on the process?

Internal Rate of Return (IRR) is the actual rate of return of project.At IRR, present value of cash…

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What rate of return did the company make on the process?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please do not give solution in image format thanku

Barron Chemical uses a thermoplastic polymer to enhance the appearance of certain RV panels. The initial cost of one process was
$122,000 with annual costs of $45,000. Revenues are $79,000 in year 1, increasing by $1000 per year. A salvage value of $21,000
was realized when the process was discontinued after 8 years. What rate of return did the company make on the process?

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Step 2: Computation of NPV at 25% Rate of Return

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Step 3: Computation of NPV at 28% Rate of Return

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Step 4: Computation of IRR

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