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

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Accounting

Pharoah 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 $176,000, has an estimated useful life of 7 years and a salvage value of zero, and will increase net annual cash flows by $38,565. Click here to view the factor table. What is its approximate internal rate of return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answers to 0 decimal places, e.g. 16%.) Internal rate of return eTextbook and Media Save for Later % Attempts: 0 of 3 used Submit Answer
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Pharoah 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 $176,000, has an estimated useful tife of 7 years and a salvage value of zero, and will increase net annual cash flows by $38,565. Click here to view the factor table. What is its approximate internat rate of return? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided, e.8. 1.25124 and final answers to 0 decimal places, e.s. 16\%.)

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