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Diamond Manufacturing Company provides glassware machines for major department store retailers. The company has been...

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Accounting

Diamond Manufacturing Company provides glassware machines for major department store retailers. The company has been investigating a new piece of machinery for its production department. The old equipment has a remaining life of four years and the new equipment has a value of $87,776 with a four-year life. The expected additional cash inflows are $32,000 per year. What is the internal rate of return?

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