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John Deere is an American manufacturer of agricultural, construction, and forestry machinery. The company is considering the purchase of a new piece of equipment. The

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John Deere is an American manufacturer of agricultural, construction, and forestry machinery. The company 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 $100.200. The equipment will have on a cost of $400,300 and have a 5-year life. The salvage value of the equipment is estimated to be $75.200. the hurdie 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 $13) (Use appropriate factor from the PV tables Round your final answer to the nearest dollar amount.) Multiple Choice Between 6% and 8% Between 8% and 10% O Between 12% and 14% Between 10% and 12%

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