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Assume a corporation purchased a new machine. The cost of the machine was $66,693. The machine will provide $21,500 in annual cash inflows and has

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Assume a corporation purchased a new machine. The cost of the machine was $66,693. The machine will provide $21,500 in annual cash inflows and has an internal rate of return of 11%. What is the approximate life of the machine? O 2 years O 3 years O 5 years O 4 years

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