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Class Publishing is considering the purchase of a used printing press costing $150,000. The printing press would generate a net cash inflow of $85,000 each

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Class Publishing is considering the purchase of a used printing press costing $150,000. The printing press would generate a net cash inflow of $85,000 each year for 5 years. At the end of 5 years, the press would have no salvage value. Using excel spread sheet or a financial calculator, the investment's internal rate of return (IRR) (rounded to the nearest percent) is: Select one: O. 25 percent b. 15 percent 32 percent d. 49 percent

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