A small business owner estimates that the heat loss through the exterior walls of her warehouse will cost approx. $4,000 next year. A local company is offering insulation that can reduce the heat loss by 80%, with an installation cost of $17,000 now. She intends to keep the warehouse for 10 years. If the cost of the heat loss increases by $300 per year, after next year, what is the IRR?

7/23/2008 9:46:11 PM

i know the answer but im not going to tell you.

also, who are you taking for this acc class ?

7/23/2008 10:08:02 PM

I'm gonna guess 19.2%

[Edited on July 23, 2008 at 11:04 PM. Reason : Changed my guess]

7/23/2008 11:00:45 PM

Seriously? This is a middle school algebra question.

7/23/2008 11:21:05 PM