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New windows are expected to save $400 per year in energy costs over their 30-year life for Fab Fabricating. At an initial cos
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Answer #1

Calculate IRR in excel using the formula: =IRR(value0...value30)

That is,

=IRR(-8000,400,400.......,400)

Upon entering, this gives IRR = 2.84%

Since IRR less than MARR, the project is not advisable

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