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Other Fields Homework Help Accounting Topic started by: Flaco69 on Jan 29, 2023



Title: Press Smart's pressing machine sells for $185,556. At this price, the annual cost savings that the ...
Post by: Flaco69 on Jan 29, 2023
Press Smart's pressing machine sells for $185,556. At this price, the annual cost savings that the pressing machine will generate for Rob's Dry Cleaner over its 8-year life will yield an internal rate of return of 12%.  Rob's Dry Cleaner requires that all projects achieve a return of 15%.  

Required:

What price does Rob's Dry Cleaner need to negotiate with Press Smart so that the system will achieve that return?


Title: Press Smart's pressing machine sells for $185,556. At this price, the annual cost savings that the ...
Post by: heathernhull on Jan 29, 2023
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