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Canada Widgets is looking at a $400 000 digital midget rigid widget gadget (CCA class 8). It is expected to save $85 000 per year

Canada Widgets is looking at a $400 000 digital midget rigid widget gadget (CCA class 8). It is expected to save $85 000 per year over its 10-year life, with no scrap value. Their tax rate is 45%, and their after-tax .MARR is 15%. Calculate the IRR using the exact and the approximate methods. Should they invest in this gadget

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