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Fenwick Company is considering a purchase of equipment that costs $62.000 and is expected to offer annual cash inflows of $17,200 for 5 years Fenwick

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Fenwick Company is considering a purchase of equipment that costs $62.000 and is expected to offer annual cash inflows of $17,200 for 5 years Fenwick Company's required rate of retum is 10%. The internal rate of return of this investment project is closest to: (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided) Multiple Choice O 27 12 11%. 27%. 12%. O 17%

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