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Assume that a company is considering buying a new piece of equipment for $240,000 that would have a useful life of five years and no

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Assume that a company is considering buying a new piece of equipment for $240,000 that would have a useful life of five years and no salvage value. The equipment would generate the following estimated annual revenues and expenses: Revenues $ 130,000 Less operating expenses: Commissions $ 15,090 points Insurance 5,000 Depreciation 48, 090 Maintenance 30, 000 98, 090 Net operating income $ 32,000 Click here to view Exhibit 128-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. The Internal rate of return for this Investment Is closest to: Multiple Choice O 22% O 18% O 24%

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