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Locil Corporation recently purchased a new machine for $415,275 with a nine-year life. The old equipment has a remaining life of nine years and no

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Locil Corporation recently purchased a new machine for $415,275 with a nine-year life. The old equipment has a remaining life of nine years and no disposal value at the time of replacement. Net cash flows will be $75,000 per year. What is the internal rate of return? Select one: a. 18% 61% C. 20% d. 249

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