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A company is considering purchasing equipment costing $ 6 0 comma 0 0 0 . The equipment is expected to reduce costs from year 1
A company is considering purchasing equipment costing $ comma The equipment is expected to reduce costs from year to by $ comma comma year to by $ comma comma and in year by $ comma In year comma the equipment can be sold at a salvage value of $ comma Calculate the internal rate of returnIRR for this proposal.
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The internal rate of return is
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