Question
Flounder company is evaluating the purchase of a rebuilt spot welding machine to be used in the manufacture of a new product . The machine
Flounder company is evaluating the purchase of a rebuilt spot welding machine to be used in the manufacture of a new product . The machine will cost $ 179000 has an estimated useful life of 7 years , a salvage value of zero , and will increase net annual cash flows by $35565. What is its approximate internal rate of return?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
