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A company is planning to add a new diagnostic machine that will cost $20,000 and require annual maintenance expenses of $5,000. The machine has an

A company is planning to add a new diagnostic machine that will cost $20,000 and require annual maintenance expenses of $5,000. The machine has an expected life of 5 years. If the net cash flow the company receives each year will be $10,000 higher with the machine in operation what is the internal rate of return on this investment?

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