(Solved): Val is considering purchasing a new video plasma display panel to use with her notebook computer. ...

Val is considering purchasing a new video plasma display panel to use with her notebook computer. One model, the XJ3, costs $4200 new, while another, the Y19, sells for $3000. Val has determined that the salvage value after two years of service is $1700 for the XJ3 and $900 for the Y19. Both panels give similar service, except the Y19 is not suitable for client presentations. If she buys the Y19, about four times a year she will have to rent one similar to the XJ3, at a total year-end cost of about $350. Using the IRR method, which display panel is the better choice? Use a two-year study period. She must choose only one of the alternatives. Val's MARR is 10 percent. The is percent, which is is the better choice because the IRR for the change from the MARR (Round to one decimal place as needed.)