A new drill press is considered a possible new investment for EXRON Corporation if it generates an expected return of $2,000 per year for 10 years. Its expected purchase price (including installation) is $9,400. What is the drill press project's expected internal rate of return?

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The Answer of A new drill press is considered a possible new investment for EXRON Corporation if it generates an expected return of $2,000 per year for 10 years. Its expected purchase price (including installation) is $9,400. What is the drill press project's expected internal rate of return?

A New Drill Press Is Considered a Possible New Investment