Determine what is the internal rate of return for project

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Reference no: EM132607466

An education authority is considering the implementation of a CCTV (closed circuit television) security system in one of its schools. Details of the proposed project are as follows:

Life of project 5 years

Initial cost $75,000

Annual savings:

Labor costs $20,000

Other costs $5,000

NPV at 15% $8,800

Question 1: What is the internal rate of return for this project?

Reference no: EM132607466

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