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Acme Company is considering investing in a new machine that costs $73,251 and that has a useful life of 10 years with no salvage value.

Acme Company is considering investing in a new machine that costs $73,251 and that has a useful life of 10 years with no salvage value. The machine will generate $13,500 annually in net cash inflows. The internal rate of return on the investment is: (Round your intermediate calculations to 3-decimals and your internal rate of return calculations to the nearest whole percent.)

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