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A company is considering investing in a new machine that requires an initial investment of $61,949. The machine will generate annual net cash flows of

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A company is considering investing in a new machine that requires an initial investment of $61,949. The machine will generate annual net cash flows of $24,911 for the next three years. What is the internal rate of return of this machine? (PV of \$1. EV of \$1, PVA of \$1, and EVA of \$1) (Use appropriate factor(s) from the tables provided.)

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