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Frost Company is evaluating the purchase of a rebuilt spot-welding machine to be used in...

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Accounting

Frost Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $201,320, has an estimated useful life of 7 years, a salvage value of zero, and will increase net annual cash flows by $40,000. (Round answer to 0 decimal places, e.g. 125.) What is its approximate internal rate of return

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