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21. The XYZ Company is planning to purchase a new machine. The purchase price of the machine is $60,000 and its annual operating cost is

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21. The XYZ Company is planning to purchase a new machine. The purchase price of the machine is $60,000 and its annual operating cost is $2,675.40. The machine has a life of seve years, and it is expected to generate $15,000 in revenues in each year of its life. What is the internal rate of return for the machine? 10% 12% 8% D 15% E 9%

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