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11. grouper corporation recently purchased... Grouper Corporation recently purchased a new machine for its factory operafions at a cost of $974,030. The investment is expected

11. grouper corporation recently purchased...
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Grouper Corporation recently purchased a new machine for its factory operafions at a cost of $974,030. The investment is expected to generate $257,000 in annual cash flows for a period of five years. The required rate of return is 8%. The new machine is expected to have zero salvage value at the end of the five-year period. Click here to view PV tables. Calculate the internal rate of return. (Round answer to 0 decimal places, e.8. 15\%.) Internal rate of return

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