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2. The following information is available on a new piece of equipment: Cost of the equipment......... Salvage value.. Annual cash inflows. Internal rate of return......

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2. The following information is available on a new piece of equipment: Cost of the equipment......... Salvage value.. Annual cash inflows. Internal rate of return...... Required rate of return. $21,720 SO $5,000 16% 10% The life of the equipment is approximately: A. 6 years B. 4.3 years C. 8 years D. It is impossible to determine from the data given

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