(Answered) A drug store is looking into the possibility of installing

Economics

A drug store is looking into the possibility of installing a 24/7 automated prescription refill system to increase its projected revenues by $20,000 per year over the next five years. Annual expenses to maintain the system are expected to be $5,000. The system will cost $50,000 and will have no market value at the end of the five-year study period. Calculate the IRR for this investment.

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Business Economics, Economics

Category:- Business Economics
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