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I'm considering purchasing a new machine. If I purchase the machine, it will cost of $108,081 but will provide an estimated inflow of $45,000 for
I'm considering purchasing a new machine. If I purchase the machine, it will cost of $108,081 but will provide an estimated inflow of $45,000 for each of the next 3 years. If my cost of capital is 13%, what is the project's IRR? And should I make the investment?
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