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A local machine shop purchased a new milling machine yesterday for $92,874 which is expected to generate annual cash savings of $12,000 for the next
A local machine shop purchased a new milling machine yesterday for $92,874 which is expected to generate annual cash savings of $12,000 for the next twelve years after which the machine will have no salvage value. What is the machine's internal rate of return? O A 12% B. 18% O C. 10% OD.7.5%
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