User
Advanced Modular Technology (AMT) makes energy cleaner, safer, more secure and more efficient. It typically exhibits net annual revenues that increase over a fairly long period. In the long run, an AMT project may be profitable as measured by IRR, but its simple payback period may be unacceptable. Evaluate this AMT project using the IRR method when the company MARR is 17% per year and its maximum allowable payback period is four years. What is your recommendation?
Capital investment at time 0
$103,000
Net revenues in year k
$22,000 +
$9,000 (k-1)
Market (salvage) value
$11,000
Life
5 years
The internal rate of return is %. (Round to one decimal place.)

refer

Therefore, simple payback period is equal to 3.204 years



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