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Fenwick Company is considering a purchase of equipment that costs $68,000 and is expected to offer annual cash inflows of $18,864 for 5 years. Fenwick
Fenwick Company is considering a purchase of equipment that costs $68,000 and is expected to offer annual cash inflows of $18,864 for 5 years. Fenwick Company's required rate of return is 10%. The internal rate of return of this investment project is closest to: (PV of $1 and PVA of $1)
Note: Use appropriate factor(s) from the tables provided.
Present Value of \$1 Present Value of an Annuity of $1
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