Your firm has the opportunity to buy a perpetual motion machine to use in your business. The machine costs $1,000,000 and will increase your profits by $75,000 per year. What is the internal rate of return? Instructions: Enter your response as a percent rounded to one decimal place. The internal rate of return is percent.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Your firm has the opportunity to buy a perpetual motion machine to use in your business. The machine costs $1,000,000 and will
increase your profits by $75,000 per year.
What is the internal rate of return?
Instructions: Enter your response as a percent rounded to one decimal place.
The internal rate of return is
percent.
Transcribed Image Text:Your firm has the opportunity to buy a perpetual motion machine to use in your business. The machine costs $1,000,000 and will increase your profits by $75,000 per year. What is the internal rate of return? Instructions: Enter your response as a percent rounded to one decimal place. The internal rate of return is percent.
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