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Birdies and Eagles Inc. is analyzing the purchase of a new machine costing $154,000. The company expects to realize net savings of $30,000 per year

Birdies and Eagles Inc. is analyzing the purchase of a new machine costing $154,000. The company expects to realize net savings of $30,000 per year for the next 7 years. What is BEI's internal rate of return (IRR) on this investment

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