Computing the time-adjusted rate of return. What is the approximate timeadjusted rate of return on the machine?The

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Computing the time-adjusted rate of return. What is the approximate timeadjusted rate of return on the machine?The Harley Corporation is considering the purchase of a machine at a cost of

$64,000. The machine has an estimated useful life of 10 years and no salvage value.

It is anticipated that the machine will result in annual cash savings of $16,000.

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