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9 Wildhorse Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computeraided design and manufacturing

9 Wildhorse Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computeraided design and manufacturing machine for $443,000. The company believes that with this new machine it will improve productivity and increase quality, resulting in an increase in net annual cash flows of $104,715 for the next 6 years. Management requires a 10% rate of return on all new investments. Click here to view PV table.
Calculate the internal rate of return on this new machine. (Round answer to 0 decimal places, e.g.13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
Internal rate of return
%
Should the investment be accepted?
The investmen be accepted.
should
should not
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