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Dale buys a machine for his business. The machine costs $150,000. Dale estimates that the machine can produce $40,000 cash inflow per year for the
Dale buys a machine for his business. The machine costs $150,000. Dale estimates that the machine can produce $40,000 cash inflow per year for the next five years. Dale's cost of capital is 12 percent. What is the approximate internal rate of return
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