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Current Attempt in Progress Sandhill Corporation is considering two alternative investments in excavating equipment. Investment A requires an initial investment of $183,600, has positive cash

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Current Attempt in Progress Sandhill Corporation is considering two alternative investments in excavating equipment. Investment A requires an initial investment of $183,600, has positive cash flows of $27,100 per year, and has an estimated salvage value of $21,400. Investment B requires an initial investment of $230,400, has positive cash flows of $33,000 per year, and has an estimated salvage value of $18,600. Each piece of equipment is expected to have a 11 -year useful life. Use a financial calculator to determine the internal rate of return of each project to decide which is more desirable. (Round answers to 2 decimal places, eg. 9.74\%.)

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