Question
A company is considering investing in a new machine that requires an initial investment of $45,899. The machine will generate annual net cash flows of
A company is considering investing in a new machine that requires an initial investment of $45,899. The machine will generate annual net cash flows of $18,457 for the next three years. What is the internal rate of return of this machine? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
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Thomas Calculus Early Transcendentals
Authors: Joel R Hass, Christopher E Heil, Maurice D Weir
13th Edition
9780321884077
