A TES (Thermal Energy Storage) system is installed that will cost $89,000 and is projected to save $35,684 annually for the life of the project of 18 years. What is the exact Internal Rate of Return (IRR)

the exact internal rate of return is 40%

Explanation:

The computation of the exact internal rate of return is shown below

Given that

Initial investment = -$89,000

Year 1 to Year 18 = $35,684 each year

Based on the above information

We use the IRR formula

= IRR()

After applying the internal rate of return formula, the exact internal rate of return is 40%

So the same is considered and relevant too

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3