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Big Scott's, a maker of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $120,000

Big Scott's, a maker of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $120,000 and will generate free cash inflows of $19,500 per year for 15 years. What is the projects IRR?

9.17%

-13.96%

13.96%

11%

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