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Can you please review the below question and help with the formula and answer? Nevada State is planning to purchase a $900,000 bulldozer. The bulldozer
Can you please review the below question and help with the formula and answer?
Nevada State is planning to purchase a $900,000 bulldozer. The bulldozer is expected to produce cash flows of $468,500, $459,000, and $200,000 over the next three years. The rate of return on the bulldozer is:
14.10%
12.94%
13.53%
13.94%
12.78%
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