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A company needs to buy new equipment costing 1.35 million. The equipment should generate cash inflows of 275,000 the first year and 500,000 for the

A company needs to buy new equipment costing 1.35 million. The equipment should generate cash inflows of 275,000 the first year and 500,000 for the following three years. Given a minimum 10% rate of return, should the company make the buy based on its IRR?
A. Yes, because the IRR is 10.75%
B. Yes, because the IRR is 10.95%
C. No, because the IRR is 10.75%
D. No, because the IRR is 12.74%
E. The answer cannot be determined as there are multiple IRRs

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