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Assume the following information for a capital budgeting proposal with a five-year time horizon $490,000 Initial investment: Cost of equipment (zero salvage value) Annual revenues

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Assume the following information for a capital budgeting proposal with a five-year time horizon $490,000 Initial investment: Cost of equipment (zero salvage value) Annual revenues and costs: Sales revenues Variable expenses Depreciation expense Fixed out-of-pocket costs $100,000 $130,000 $ 50,000 $ 40,000 Click here to view Exhibit 148.1 and Exhibit 148-2 to determine the appropriate discount factors) using the tables provided. This proposal's internal rate of return is closest to Multiple Choice O 10% 15% UN

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