Lisun Company produces a variety of gardening tools and aids Lisun Company produces a variety of…

Lisun Company produces a variety of gardening tools and aids
Lisun Company produces a variety of gardening tools and aids. The company is examining the possibility of investing in a new production system that will reduce the costs of the current system. The new system will require a cash investment of $4,607,200 and will produce net cash savings of $800,000 per year. The system has a projected life of 9 years.

Required:

Calculate the IRR for the new production system.

Lisun Company produces a variety of gardening tools and aids

 

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