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OptiLux is considering investing in an automated manufacturing system. The system requires an initial investment of $3.9
Posted: Fri Jul 01, 2022 8:37 am
by answerhappygod
- Optilux Is Considering Investing In An Automated Manufacturing System The System Requires An Initial Investment Of 3 9 1 (13.21 KiB) Viewed 37 times
OptiLux is considering investing in an automated manufacturing system. The system requires an initial investment of $3.9 million, has a 20-year life, and will have zero salvage value. If the system is implemented, the
company will save $560,000 per year in direct labor costs. The
company requires a 10% return from its investments. Using Excel, compute the internal rate of return for the proposed investment. (Round your answer to 2 decimal places.) Internal rate of ratum %