Reece corporation is considering the purchase of a machine that would cost $24,388 and would have a useful life of 6 years. the machine would generate $5600 of net annual cash inflows per year for each of the 6 years of its life. the internal rate of return on the machine would be closest to:

10%

Explanation:

IRR is the rate at which the net present value of a project is equal to zero. Using a financial calculator, use the following inputs and the CF function to find IRR;

The cost of the machine is the initial investment ; CF0 = -$24,388

Net cashflow year 1; C01 = 5,600

Net cashflow year 2; C02 = 5,600

Net cashflow year 3; C03 = 5,600

Net cashflow year 4; C04 = 5,600

Net cashflow year 5; C05 = 5,600

Net cashflow year 6; C06 = 5,600

then key in CPT IRR = 10.00%

Therefore, the internal rate of return is closest to 10%

so i don't know what video you're talking about, but here's some stuff steve jobs gave as advice.

- love what you do.

- the worst thing that could happen might turn out to be the best thing that could happen.

- follow your heart and trust it knows where it's going.

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