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Grumpy Publishing is considering the purchase of a used printing press costing $84,200. The printing press would generate a net cash inflow of $37.422 a
Grumpy Publishing is considering the purchase of a used printing press costing $84,200. The printing press would generate a net cash inflow of $37.422 a year for 3 years. At the end of 3 years, the press would have no salvage value. The company's cost of capital is 10 percent. The company uses straight-line depreciation. The investments internal rate of return (rounded to the nearest percent) is: 16 percent 14 percent O 12 percent O 10 percent
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