Problem 5-34 (book/static) Question Help The world's largest carpet maker has just completed a feasibility study...
Problem 5-34 (book/static) Question Help The world's largest carpet maker has just completed a feasibility study of what to do with the 15 000 tons of overruns, rejects and remnants i produces every year. The company's CEO launched the feasibility study by asking why pay someone to digolo the ground and then pay someone else to put our waste into a landfill? Why not just burn our own waste? The company is proposing to build a $10 million power plant to burn its waste as fuel thereby saving 528 milion a year in coal purchases Company engineers have determined that the waste-burning plant will be environmentally sound, and after its four year study period the plant can be sold to a local electric utility for $5 million a. What is the IRR of this proposed power plant? The IRR is (Round to one decimal place)