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Harrison Hammocks is considering the purchase of a new weaving machine to prepare fabric for its hammocks. The machine under consideration costs $69,819 and will
Harrison Hammocks is considering the purchase of a new weaving machine to prepare fabric for its hammocks. The machine under consideration costs $69,819 and will save the company $10,000 in direct labor costs. It is expected to last 14 years. Click here to view the factor table. (a) Calculate the internal rate of return on the weaving machine.
Internal rate of return %
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