What is the internal rate of return

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A renewable energy system is being evaluated by an office building, its initial cost is $25,850. This system is estimated to provide energy savings equivalent to a cut-off of $5,250 from the annual electricity bill. Annual operation and maintenance costs are estimated to be just $830. This system has a useful life of 10 years with no salvage value.

What is the Internal Rate of Return (IRR) of this renewable energy system?

Reference no: EM131805771

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