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A company is considering investing in a new machine that requires a cash payment of $63, 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 $63, 949 today. The machine will generate annual cash flows of $22, 399 for the next four 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)

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