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Crockin Corporation is considering a machine that will save $8,000 a year in cash operating costs each year for the next six years. At the

Crockin Corporation is considering a machine that will save $8,000 a year in cash operating costs each year for the next six years. At the end of six years it would have no salvage value. If this machine costs $33,848 now, the machine's internal rate of return is closest to:

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