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Coronado, Inc. is considering purchasing equipment costing $ 2 6 0 0 0 with a 7 - year useful life. The equipment will provide cost
Coronado, Inc. is considering purchasing equipment costing $ with a year useful life. The equipment will provide cost savings
of $ and will be depreciated straightline over its useful life with no salvage value. Coronado Inc. requires a rate of return.
What is the approximate internal rate of return for this investment?
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