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Sunset press has just purchased a new trimming machine that

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1.Sunset Press has just purchased a new trimming machine that cost $47,677. The machine is expected to save $7,000 per year in cash operating costs and to have a 15-year life. Compute the machines internal rate of return.

2.Leven Products, Inc., is investigating the purchase of a new grinding machine that has a projected life of 16 years. It is estimated that the machine will save $25,000 per year in cash operating costs. What is the machine's internal rate of return if it costs $236,175 new?

Reference no: EM13589599

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