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I need this question answered please and thank you. X Company must decide whether to continue using its current equipment or replace it with new,

image text in transcribedI need this question answered please and thank you.

X Company must decide whether to continue using its current equipment or replace it with new, more efficient equipment. The following information is available for the current and new equipment: The current and new equipment will last for 6 years. If X Company replaces the current equipment, what is the approximate internal rate of return (enter your rate as a decimal; so 1% would be.01)

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