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A machine costs $25,000; it is expected to generate annual cash revenues of $8,000 and annual cash expenses of $2,000 for five years. The required

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A machine costs $25,000; it is expected to generate annual cash revenues of $8,000 and annual cash expenses of $2,000 for five years. The required rate of return is 12%. Using the tables that follow, which of the following statements about the machine's internal rate of return is true? Multiple Choice The internal rate of return must be greater than 15%. The internal rate of return is greater than 12%. There is insufficient information to make any judgment about the internal rate of return. The internal rate of return is less than 10%. The internal rate of return is between 10% and 12%

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