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In addition to the data given previously, assume the machine will have a $ 1 2 , 8 2 0 salvage value at the end

In addition to the data given previously, assume the machine will have a $12,820 salvage value at the end of six years. Under these conditions, what is the internal rate of return? (Hint: You may find it helpful to use the net present value approach; find the discount rate that will cause the net present value to be closest to zero.)

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