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8. EA21. LO 11.5 Cinemar Productions bought a piece of equipment for $55,898 that will last for 5 years. The equipment will generate net

8. EA21. LO 11.5 Cinemar Productions bought a piece of equipment for $55,898 that will last for 5 years. The equipment will generate net operating cash flows of $14,000 per year and will have no salvage value at the end of its life. What is the internal rate of return?

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