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James Bruce is the CEO of Bruce Industries. James is interested in purchasing new pollution ...

James Bruce is the CEO of Bruce Industries. James is interested in purchasing new pollution abatement equipment because the current equipment is outdated and not efficient. The controller of the company has identified equipment that costs $104,110 and will provide annual cash operating inflows of $28,290 for 5 years. The equipment currently being used is 3 years old and could be sold for $2,130. What is the equipment's internal rate of return?

Type of Cash Flow

Periods

Interest Rate

Factor

PV ordinary annuity	5	6%	4.2124
PV ordinary annuity	5	8%	3.9927
PV ordinary annuity	5	10%	3.7907
PV ordinary annuity	5	12%	3.6048
PV ordinary annuity	5	15%	3.3522

▸ 15%

▸ 12%

▸ 8%

▸ 10%

Textbook

Managerial Accounting

Edition: 4^th

Author: Davis

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ejoty Author

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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Smart ... Thanks!

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