In the rawhide company (a leather products manufacturer), decisions regarding approval of proposals for capital investment are based upon a stipulated marr of 18% per year. the five packaging devices listed in the table below were compared assuming a 10 year useful life and zero market value for each at that time. which one (if any) should be selected? use the irr and pw method.
packaging equipment
packaging equipment
packaging equipment
packaging equipment
packaging equipment
a
b
c
d
e
capital investment
$38,000
$50,000
$55,000
$60,000
$70,000
annual revenue less expenses
$11,000
$14,100
$16,300
$16,800
$19,200
rate of return (irr)
26.1%
25.3%
26.9%
25.0%
24.3%

explanation:

the silver bells of the sleds are merry and keep time in the winter nights while the sky twinkles happily. the golden bells of weddings are delightful in their peaceful happiness, foretelling a rapturous future. meanwhile, the brazen alarm bells scream frightfully in the night, with a discordant and desperate sound. in their clamor, these bells convey terror, horror, and anger. finally, the iron bells are solemn and melancholy, while those in the church steeple are like ghouls who feel happiness. the king of the ghouls, who rings the bells, cheerfully keeps time with the moaning and groaning bells.

in our power to make a world happy - to teach mankind the art of being so - to a character hitherto unknown - and to have, as it were, a new creation intrusted to our hands, are honors that command reflection, and can neither be too highly estimated,

i believe your answer would be d. matt saw the lost cat, and he looked for its owner.