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A company is considering purchasing equipment costing $42,000. The equipment is expected to reduce costs from year 1 to 2 by $1,500, year 3 to
A company is considering purchasing equipment costing $42,000. The equipment is expected to reduce costs from year 1 to 2 by $1,500, year 3 to 7 by $11,000, and in year 8 by $3,000. In year 8, the equipment can be sold at a salvage value of $15,000. Calculate the internal rate of return (IRR) for this proposal
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