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Gerty Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce the company's cash outflow for operating expenses by $640,000 per

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Gerty Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce the company's cash outflow for operating expenses by $640,000 per year. The cost of the equipment is $3,932,522.88. Gerty expects it have a 10-year useful life and a zero salvage value. The percent and uses the provided.) straight-line method for depreciation. (PV of $1 and PVA of $) (Use appropriate factor(s) from the tables Required a. Calculate the internal rate of return of the investment opportunity. (Do not round intermediate calculations.) b. Indicate whether the investment opportunity should be accepted. a. Internal rate of return b. Should the investment opportunity be accepted? Accepted

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