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Business, 08.03.2021 19:20 AleciaCassidy

Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch has a first cost of $60,000 and a useful life of 15 years. At the end of its useful life, the punch has no salvage value. Annual labor costs would increase $5,500 using the gang punch, but annual raw material costs would decrease $10,000. MARR is 5.25 %/year. Required:
What is the IRR of this investment?

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Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards...
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