Annual worth of the project

Reference no: EM1385267

An engineering company has requisted that $500,000 be spent on a software and hardware to improve the efficiency of some control systems. This improvement is expected to save $1,000 per year for 10 years in energy costs and $700,000 at the end of 10 years in equipment refurbishment costs, if minimum acceptable rate of return(MARR)=12%. Use microsoft excel functions to find the net present worth of the project, and the internal rate of return,and the annual worth of the project?

Reference no: EM1385267

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