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3. The purchase price of a machine is $175,000. In addition, in order to get the product ready to use, another $45,000 is needed for

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3. The purchase price of a machine is $175,000. In addition, in order to get the product ready to use, another $45,000 is needed for electrical materials and $91,000 for labor to install the machine. The projected profit as a result of using the machine is $126,000 per year for 5 years. After 5 years, the machine can be sold for $92,000. What rate of return will be made? Solve both by trial and error (Ball Park) and Excelns

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