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A company is considering investing in a new machine that requires a cash payment of $59, 949 today. The machine will generate annual cash flows

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A company is considering investing in a new machine that requires a cash payment of $59, 949 today. The machine will generate annual cash flows of $26, 257 for the next three years. What is the internal rate of return if the company buys this machine? (FV of $1. PV of $1. FVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)

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