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A company is considering investing in a new machine that requires a cash payment of $56, 948 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 $56, 948 today. The machine will generate annual cash flows of $15, 798 for the next five years. What is the internal rate of return if the company buys this machine? (FV of $1. PV of $1. FVA of S1 and FVA of S1) (Use appropriate factor(s) from the tables provided.)

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