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A company buys a machine for $180,000 that has an expected life of nine years and no salvage value. The company expects annual net income

A company buys a machine for $180,000 that has an expected life of nine years and no salvage value. The company expects annual net income (after taxes of 30%) of $29,000, what is the internal rate of return? 4. a. 4% b. 6% .896 d.9% e. 12%

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