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(Ignore income taxes in this problem) Your Corporation is considering the purchase of a machine...

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Accounting

(Ignore income taxes in this problem) Your Corporation is considering the purchase of a machine that would cost $266,832 and would have a useful life of 15 years. The machine would have no salvage value. The machine would reduce labor and other operating costs by $24,000 per year. What is the internal rate of return on the investment?

Group of answer choices

5%

3%

6%

2%

4%

Answer & Explanation Solved by verified expert
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