(Answered) Question internal rate of return jardin company produces a

Accounting

Question: Internal Rate of Return Jardin Company produces a variety of gardening tools and aids. The company is examining the possibility of investing in a new production system that will reduce the costs of the current system. The new system will require a cash investment of $2,303,600 and will produce net cash savings of $400,000 per year. The system has a projected life of nine years.

Required: Calculate the IRR for the new production system.

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