determine the internal rate of return 618865

Jenny Durdil Company is considering an investment of $200,000 in new equipment which will be depreciated on a straight-line basis (8-year life, no salvage value). The expected annual revenues and costs of the new product that will be produced from the equipment are:

Sales

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$292,000

Less costs and expenses:

Manufacturing costs

S200,000

Equipment depreciation

25,000

Selling and administrative

43,900

268,900

Income before income taxes

23,100

Income tax expense (30%)

6,930

Net income

$ 16,170

Instructions

(a) Compute the annual rate of return.

(b) Compute the cash payback period.

(c) Compute the net present value assuming a 12% required rate of return.

(d) Determine the internal rate of return.

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