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Home Security Systems is analyzing the purchase of manufacturing equipment that will cost $72,000. The annual cash inflows for the next three years will be:

Home Security Systems is analyzing the purchase of manufacturing equipment that will cost $72,000. The annual cash inflows for the next three years will be: Year

Cash Flow 1 $ 36,000

Cash Flow 2 34,000

Cash Flow 3 29,000

Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the financial calculator method.

a. Determine the internal rate of return

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