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Calculate final answer using financial calculator method

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Reference no: EM133071502

King's Department Store is contemplating the purchase of a new machine at a cost of $13,936. The machine will provide $3,200 per year in cash flow for six years. King's has a cost of capital of 11 percent. Calculate your final answer using the financial calculator method.

a. What is the internal rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Internal rate of return %

b. Should the project be undertaken? yes no

Reference no: EM133071502

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