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A machine costs (1,000,000 IQD) to purchase and it will provide (250,000 IQD) a year as benefits. The company plans to use the machine
A machine costs (1,000,000 IQD) to purchase and it will provide (250,000 IQD) a year as benefits. The company plans to use the machine for 20 years, then it will sell this machine for (20,000 IQD). The Internal Rate is 12%. Should the company buy this machine?
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
