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Latin Cuisine s considering the purchase of new food processing tecthnolos. which would cost $1.800,000 and would generate $315.000 in annual cost savings. No salvage

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Latin Cuisine s considering the purchase of new food processing tecthnolos. which would cost $1.800,000 and would generate $315.000 in annual cost savings. No salvage is eapected on the technology at the end of its 10 -year life. The firm's cost of capital and discount rate are both 10 pertent. a. Caiculate the internal rate of return for the project. Note: Round percentage to one decimal point the, round 4.555% to 4.6%). b. Does the IRR indicare the project is acceptable

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