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12.Mary Langer is contemplating the purchase of a new machine at a cost of $13,869. The machine will provide $3,000 per year in cash flow
12.Mary Langer is contemplating the purchase of a new machine at a cost of $13,869. The machine will provide $3,000 per year in cash flow for six years. Her firm has a cost of capital of 12 %. Using the internal rate of return method, evaluate this project and indicate whether it should be undertaken.
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