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DQuestion 6 6 pts (Ignore income taxes in this problem.) Lemon, Inc., is considering the purchase of a limousine that would cost $149,868, would
DQuestion 6 6 pts (Ignore income taxes in this problem.) Lemon, Inc., is considering the purchase of a limousine that would cost $149,868, would have a useful life of 9 years, and would have no salvage value. The limousine would bring in cash inflows of $36,000 per year in excess of its cash operating costs. Required: Determine the internal rate of return on the investment in the new limousine. Show your work! Edit Format Table 12pt Paragraph BIU
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