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Assume the following information for a capital budgeting proposal with a five-year time horizon: 4 $560,000 Initial investment: Cost of equipment (zero salvage value) Annual

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Assume the following information for a capital budgeting proposal with a five-year time horizon: 4 $560,000 Initial investment: Cost of equipment (zero salvage value) Annual revenues and costs: Sales revenues Variable expenses Depreciation expense Fixed out-of-pocket costs 9:20 $300,000 $ 130,000 $ 50,000 $ 40,000 Click here to view Exhibit 14B-1 and Exhibit 14B-2. to determine the appropriate discount factor(s) using the tables provided. This proposal's Internal rate of return is closest to: Multiple Choice 8% O 10%. O 3%

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