**Question - **Dinshaw Company is considering the purchase of a new machine. The invoice price of the machine is $58,301, freight charges are estimated to be $2,520, and installation costs are expected to be $7,540. The annual cost savings are expected to be $14,840 for 9 years. The firm requires a 21% rate of return. Ignore income taxes. What is the internal rate of return on this investment?

Find the internal rate of return on this investment : The invoice price of the machine is $58,301, freight charges are estimated to be $2,520, Find the internal rate of return on this investment |

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