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David purchased a new printer for his book publishing company. The printer was purchased for $10,000 and is expected to generate the following cash flows

David purchased a new printer for his book publishing company. The printer was purchased for $10,000 and is expected to generate the following cash flows for the next four years: Year 1: $3,000 Year 2: $4,000 Year 3: $2,500 Year 4: $1,000 Assume the printer can be sold for $2,000 at the end of year 4 and Davids required rate of return is 8 percent. What is Davids internal rate of return if he purchases the printer

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