Assume that Executive Corporation is considering investing $$ 5,000$ today in a new piece of equipment that
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Assume that Executive Corporation is considering investing $\$ 5,000$ today in a new piece of equipment that will provide a service they can charge for. The annual cash profits from the machine will be $\$ 600, \$ 700, \$ 800, \$ 900, \$ 1,000, \$ 1,100, \$ 1,200$ for each of the seven years of its useful life. What is the IRR on the investment?
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Related Book For 
Finance And Accounting For Nonfinancial Managers
ISBN: 9780808046905
5th Edition
Authors: Steven A. Finkler
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