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how to solve Byron Corp is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an
how to solve Byron Corp is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $102,800. The equipment will have an initial cost of $404,200 and have a 5-year life. The salvage value of the equipment is estimated to be $77,800. If the hurdle rate is 10%, what is the internal rate of return? (Future Value of $1. Present Value of $1. Future Value Annuity of S1. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice Between 6% and 8% Between 12% and 14%
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