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Cost of equipment.....$21,720 salvage value....0 annual cash inflows...$5,000 Internal rate of return...16% Required rate of return..10% The life of the equipment is approximately: A. 6

Cost of equipment.....$21,720 salvage value....0 annual cash inflows...$5,000 Internal rate of return...16% Required rate of return..10% The life of the equipment is approximately: A. 6 years B. 4.3 years C. 8 years D. It is impossible to determine from the data given

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