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An 4-watt LED light costs $3, and is estimated to save $0.48 per year in electricity costs if replacing a 35-watt incandescent light. The light

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An 4-watt LED light costs $3, and is estimated to save $0.48 per year in electricity costs if replacing a 35-watt incandescent light. The light has an estimated life-time of 20 years. What is the internal rate of return on the investment in the LED light

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