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Home Q & A Board Other Fields Homework Help Business Accounting
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Flaco69 Flaco69
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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%.  

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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
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heathernhullheathernhull
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A year ago
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Flaco69 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
dearsophia21
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Yesterday
Good timing, thanks!
larrybrads
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2 hours ago
This site is awesome
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