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A company is considering purchasing equipment costing $92,000. The equipment is expected to reduce costs...

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Accounting

A company is considering purchasing equipment costing $92,000. The equipment is expected to reduce costs from year 1 to 3 by $22,000, year 4 to 9 by $9,000, and in year 10 by $2,000. In year 10, the equipment can be sold at a salvage value of $15,000 Calculate the internal rate of return (IRR) for this proposal The internal rate of return is (Round to the nearest tenth as needed.) O Submit test

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