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Hall Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computer-aided design and manufacturing machine

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Hall Corporation is involved in the business of injection molding of plastics. It is considering the purchase of a new computer-aided design and manufacturing machine for $436,000. The company believes that with this new machine it will improve productivity and increase quality, resulting in an increase in net annual cash flows of $115,000 for the next 5 years. Management requires a 12% rate of return on all new investments. Instructions Calculate the internal rate of return on this new machine. Should the investment be accepted

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