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Calculate the Internal Rate of Return of the equipment given below. Purchase Cost $3,470 Annual Benefit $500 Salvage Value $350 Life 8 Enter your

Calculate the Internal Rate of Return of the equipment given below. Purchase Cost $3,470 Annual Benefit $500 Salvage Value $350 Life 8 Enter your answer in decimal form, rounded to two decimal places (%15.277 enter in as 15))

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