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Assume that a company purchased a new machine for $20,000 that has no salvage value. The machine is expected to save the company $6,000 a
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Assume that a company purchased a new machine for $20,000 that has no salvage value. The machine is expected to save the company $6,000 a year in cash operating costs for seven years. What is the machines internal rate of return?
20%
25%
23%
19%
Assume that a company purchased a new machine for $20,000 that has no salvage value. The machine is expected to save the company $6,000 a year in cash operating costs for seven years. What is the machines internal rate of return?
20% | ||
25% | ||
23% | ||
19% |
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