Top Posters
Since Sunday
New Topic  
Flaco69 Flaco69
wrote...
Posts: 133
Rep: 0 0
A year ago
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?
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 39 times
1 Reply
Replies
Answer verified by a subject expert
heathernhullheathernhull
wrote...
Posts: 147
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Flaco69 Author
wrote...

A year ago
Correct Slight Smile TY
ky
wrote...

Yesterday
Good timing, thanks!
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1218 People Browsing
Related Images
  
 69
  
 271
  
 1653
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4