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In company XYZ, decision to approve a proposal regarding production device is based on MARR = 18% per year. The five production devices listed in

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In company XYZ, decision to approve a proposal regarding production device is based on MARR = 18% per year. The five production devices listed in below Table are compared, assuming a 10-year useful lives and no market value for each at that time. Which one should be selected using IRR method? Production Device D E Capital Investment 50,000 38,000 70,000 60,000 55,000 (OMR) Annual revenue 14,100 11,000 19,200 16,800 16,300 less expenses (OMR) IRR 26.1% 25.2% 26.9% 25.0% 24.3% Hints: You should solve using IRR only. Your answers should be presented in a form of a Table. Show the iteration and interpolation procedure presented in the chapter

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