Homework Answers
| Calculation of rate of return |
| Net cost of investment (288800-5343) = 283457 |
| annual cost saving (43100+23000) = 66100 |
| present value factor= net cost of investment/annual cost saving |
| present vaue factor = 283457/66100 = 4.2883 |
| Present value factor fall under 14% in present value factor table |
| Internal rate of return = 14% |
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