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cash savings of $ 8 0 0 , 0 0 0 per year. The system has a projected life of 9 years. Required: Calculate the

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cash savings of $800,000 per year. The system has a projected life of 9 years.
Required:
Calculate the IRR for the new production system. For discount factors use Exhibit 12B-2. Round your answer to the nearest whole percentage.
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