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An option has a first cost of $40,000, and annual savings of $15,000 per year and a salvage value of $6,000. The expected life of

An option has a first cost of $40,000, and annual savings of $15,000 per year and a salvage value of $6,000. The expected life of the option is 3 years. What is the internal rate of return (IROR) of this option? A

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