11.5 Taos Productions bought a piece of equipment for $79,860 that will last for 5 years. The...
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11.5 Taos Productions bought a piece of equipment for $79,860 that will last for 5 years. The equipment will generate net operating cash flows of $20,000 per year and will have no salvage value at the end of its life. What is the internal rate of return?
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Authors: Patty Graybeal, Mitchell Franklin, Dixon Cooper
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