Calculate the irr value for the truck

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Question - Parrish Engineering is considering an investment in two pieces of equipment, a truck and an overhead pulley system. The projects are independent, meaning that Parrish can accept either or both projects if it so chooses. The initial cash outlays for the truck and pulley system are $17,350 and $24,255, respectively. The firm's cost of capital is 15%. Both projects have useful lives of five years and will improve cash flows as follows: Calculate the IRR value for the truck.

Reference no: EM133073027

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