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A company is considering investing in a new machine that requires a cash payment of $46,289 today. The machine will generate annual cash flows of

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A company is considering investing in a new machine that requires a cash payment of $46,289 today. The machine will generate annual cash flows of $19,272 for the next three years. QS 24-13 Internal rate of return LO P4 What is the internal rate of return if the company buys this machine? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Amount invested Annual Net Cash Flow = Present Value Factor Internal Rate of Return

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