Brown Corporation – IRR
October 6th, 2022
Brown Corporation recently purchase a new machine for $253,616 with a ten-year life. The old equipment has a remaining life of 10 years and no disposal value at the time of replacement. Net cash flows will be $60,500 per year. What is the internal rate of return (IRR)?
a 12.00%
b 16.00%
c 20.00%
d 24.00%