Question
IRR: Even Cash Flows
Williams and Park Accounting Practice is considering investing in a new computer system that costs $9,000 and would reduce processing costs by $2,000 a year for the next six years.
Required:
Calculate the internal rate of return, using the time value of money charts. Round your answer to the nearest whole number. Do not round your interim calculations. Do not enter the percent sign (%).
Williams and Park Accounting Practice is considering investing in a new computer system that costs $9,000 and would reduce processing costs by $2,000 a year for the next six years.
Required:
Calculate the internal rate of return, using the time value of money charts. Round your answer to the nearest whole number. Do not round your interim calculations. Do not enter the percent sign (%).