Calculate the irr for investment

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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.

Reference no: EM132127791

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