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Hincapie Manufacturing evaluating investing in a new metal stamping machine costing $ 53 comma 443$53,443. Hincapie estimates that it will realize $ 13 comma 000$13,000

Hincapie Manufacturing evaluating investing in a new metal stamping machine costing $ 53 comma 443$53,443. Hincapie estimates that it will realize $ 13 comma 000$13,000 in annual cash inflows for each year of the machine's 66minusyear useful life. The internal rate of return (IRR) for the machine is approximately (The present value of annuity for this scenario is 4.1114.111.) A. 88%. B. 1212%. C. 1414%. D. 1010%.

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